The U.S. dollar suddenly changes in value against the euro moving from an exchange rate of $0.8909/euro to $0.8709/euro. Thus, the dollar has ________ by ________.
A) appreciated; 2.30%
B) depreciated; 2.30%
C) appreciated; 2.24%
D) depreciated; 2.24%
Correct Answer:
Verified
Q41: TABLE 5.1 Q42: TABLE 5.1 Q48: TABLE 5.1 Q49: Major exceptions to using European terms in Q50: With several exceptions, most interbank quotes are Q51: For arbitrage opportunities to be practical, Q56: In a standard forward terminology, "Pips" stands Q57: The foreign exchange market has expanded significantly Q58: If the direct quote for a U.S. Q62: The European and American terms for foreign
Use the table to answer the
A) participants
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