If the exchange rate measured in euros per dollar increases, then

A) the dollar depreciates relative to the euro.
B) the euro appreciates relative to the dollar.
C) the euro depreciates relative to the dollar.
D) neither currency appreciates or depreciates.

C

Economics

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Using the quantity equation, the demand for money can be expressed as

A) M=(V x Y)÷P. B) M =(P x Y)÷V. C) M = (P x V) ÷ Y. D) M x V=(1/P)V x Y.

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