Refer to the table above. Which statement is correct about the change from 2004 to 2005?
The following table shows the foreign currency per U.S. dollar near the end of January of each year listed.
A. The Australian dollar depreciated in value relative to the U.S. dollar
B. The British pound appreciated in value relative to the U.S. dollar
C. The euro appreciated in value relative to the U.S. dollar
D. The Japanese yen appreciated in value relative to the U.S. dollar
C. The euro appreciated in value relative to the U.S. dollar
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The ultimate source of liquidity in a modern industrial economy is the
A) government Treasury. B) central bank. C) capital market. D) liquidity market.
The market demand for MP3 players is p = 50 - 0.5Q, and the marginal cost for Nick to obtain and sell an MP3 player is $12. If he receives 60% of the MP3 sales revenue, then
A) Nick will sell 38 MP3 players. B) Nick will sell 50 MP3 players. C) Nick will receive $270 as profit. D) total profit is $342.