Business, 23.04.2020 01:01 rida10309

Suppose that the exchange rate between the dollar and the euro was euro0.879 per dollar in December 2018 and euro0.900 per dollar in December 2019. From December 2018 to December 2019, the euro:

A. appreciated against the dollar because more euros are needed to purchase one dollar.

B. appreciated against the dollar because fewer euros are needed to purchase one dollar.

C. depreciated against the dollar because more euros are needed to purchase one dollar.

D. depreciated against the dollar because fewer euros are needed to purchase one dollar.

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Suppose that the exchange rate between the dollar and the euro was euro0.879 per dollar in December...

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