You checked the $/€ exchange rate a week ago and you found that one Euro cost you $1.2432.When you checked the $/€ exchange rate again yesterday one Euro was trading at $1.2343.By how much did the value of the Euro appreciate (depreciate) ?
A) depreciated by 0.72%
B) appreciated by 0.72%
C) depreciated by 1.24%
D) appreciated by 1.24%
Correct Answer:
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