If the US$ weakens by 5% relative to the euro (US$1.00 = €0.69986) , what will be the new value for the euro per US$1.00?
A) €0.7349 per US$1.00
B) €0.6709 per US$1.00
C) €0.6649 per US$1.00
D) €0.6113 per US$1.00
E) €0.6855 per US$1.00
Correct Answer:
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