If the exchange rate changes from 1.5 euros per dollar to 1.0 euro per dollar, the euro has
A) depreciated against the dollar.
B) appreciated against the dollar.
C) fallen inversely in value.
D) depreciated against the euro.
E) appreciated against the euro.
B
Economics
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Political instability is an impediment to development mainly because it:
A. undermines both domestic and foreign investment in a developing country. B. creates cultural and social differences among groups in developing countries. C. produces excessive levels of domestic saving. D. redistributes income.
Economics
A decrease in the required reserve ratio
A. will increase the money supply. B. will not change the money supply. C. will decrease the money supply. D. will decrease the discount rate.
Economics