Which of the following is true of the euro since its establishment in 1999?
A)The value of the euro has been stable against the U.S.dollar.
B)The euro's value has steadily appreciated against the U.S.dollar.
C)The euro's value initially appreciated and then steadily depreciated against the U.S.dollar.
D)The euro has had a volatile trading history against the U.S.dollar.
E)The value of the euro has been constant when compared to the U.S.dollar.

Question

Quizplus · Accepted Answer

The euro has had a volatile trading history against the U.S. dollar, experiencing both periods of appreciation and depreciation. For example, in 2008 the euro reached a high of $1.60 USD, but by 2015 had dropped to nearly $1.05 USD. The value of the euro has not been stable, steadily appreciated, or constant when compared to the U.S. dollar.

Which of the Following Is True of the Euro Since