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    If the Exchange Rate Changes from 1
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If the Exchange Rate Changes from 1

Question 185

Question 185

Multiple Choice

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.

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