If the exchange rate changes from 1 euro per U.S. dollar to 1.2 euros per U.S. dollar, the euro has _____
A) appreciated, since its value has increased.
B) appreciated, since the price of U.S. dollars has increased.
C) appreciated, making U.S. goods cheaper in European countries.
D) depreciated, since its value has declined.
E) depreciated, since its value has increased.
Correct Answer:
Verified
Q41: The demand for U.S.dollars by foreign nations
Q54: If the U.S.dollar depreciates,it means that:
A)the value
Q57: If the exchange rate changes from 75
Q59: Imagine that there are only two nations
Q68: If the U.S.demand for British pounds increases,then:
A)the
Q69: If the U.S. dollar depreciates relative to
Q70: If the U.S. dollar appreciates relative to
Q75: As the price of foreign exchange decreases
Q77: If the exchange rate changes from 20
Q78: For the United States, a drop in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents