Multiple Choice
If the exchange rate for Micromania's micros to United States's dollars is 50 micros = $1, then micros have appreciated when the exchange rate becomes
A) 100 micros = $2
B) 100 micros = $1
C) 25 micros = $0.50
D) 25 micros = $0.25
E) 25 micros = $0.75
Correct Answer:
Verified
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