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Other Fields Homework Help Economics Topic started by: hello123456 on Sep 26, 2018



Title: Suppose the exchange rate of the U.S. dollar was 1.00 euro = $0.50 on Thursday, and on Friday the ...
Post by: hello123456 on Sep 26, 2018
Suppose the exchange rate of the U.S. dollar was 1.00 euro = $0.50 on Thursday, and on Friday the exchange rate was $1.00 = 2.10 euros. Which of the following best explains what has happened between Thursday and Friday?
A) The U.S. dollar appreciated against the euro.
B) The euro appreciated against the U.S. dollar.
C) The U.S. dollar depreciated against the euro.
D) Both answers B and C are correct.


Title: Suppose the exchange rate of the U.S. dollar was 1.00 euro = $0.50 on Thursday, and on Friday the ...
Post by: Flynn on Sep 26, 2018
 A