The exchange rate changed from € 2.5/ $ to € 2.0/ $. Therefore:
a. The euro appreciated by 25% and the dollar depreciated by 25%.
b. The euro depreciated by 25% and the dollar appreciated by 25%.
c. The euro appreciated by 20% and the dollar depreciated by 25%.
d. The euro appreciated by 25% and the dollar depreciated by 20%.
e. The euro depreciated by 25% and the dollar appreciated by 20%.
.D
Economics
You might also like to view...
A recent issue of the Wall Street Journal headlined a story, "Bond Prices End Lower." From this we can conclude
a. interest rates fell. b. interest rates rose. c. interest rates did not change. d. stock prices fell.
Economics
Which of the following are barriers to entry?
A) economies of scale B) patents and copyrights C) control of resources D) all of the above
Economics