In late 2002 a euro cost $1.00 of Canadian currency,and in late 2007 a euro cost $1.49.Which of the following best describes this change?
A) The Canadian dollar became stronger relative to the euro.
B) The exchange rate between the dollar and the euro has deviated significantly from its market equilibrium.
C) The euro has remained the same relative to the Canadian dollar.
D) The Canadian dollar became weaker relative to the euro.
Correct Answer:
Verified
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