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Jimmyhighroller Jimmyhighroller
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2 years ago
Assume the foreign exchange rate for the euro was U.S. $1.00 = .91 euro last month. This month, the exchange rate is U.S. $1.00 = .88 euro. This information indicates that over the past month the

▸ U.S. dollar remained unchanged relative to the euro.

▸ U.S. dollar appreciated relative to all foreign currencies.

▸ euro appreciated relative to the dollar.

▸ euro depreciated relative to the dollar.
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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alpha987alpha987
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2 years ago
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