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In February 2002, the euro/dollar exchange rate was 1.20, and in May 2002, the euro/dollar
exchange rate was 1.10. What happened to the exchange rate during this period?
Euro appreciated against the dollar.
Euro depreciated against the dollar.
Dollar appreciated against the euro.
Both B and C.
Solution
Both B and C

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In February 2002, the eurodollar exchange rate was 1.20, and in May.pdf

  • 1. In February 2002, the euro/dollar exchange rate was 1.20, and in May 2002, the euro/dollar exchange rate was 1.10. What happened to the exchange rate during this period? Euro appreciated against the dollar. Euro depreciated against the dollar. Dollar appreciated against the euro. Both B and C. Solution Both B and C