Exchange rate value of the euro

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Reference no: EM13814691

If the exchange rate value of the euro goes from U.S. $1.15 to U.S. $1.05, then:

A. The euro has appreciated, and Europeans will find U.S. goods cheaper.

B. The euro has appreciated, and Europeans will find U.S. goods more expensive.

C. The euro has depreciated, and Europeans will find U.S. goods more expensive.

D. The euro has depreciated, and Europeans will find U.S. goods cheaper

Reference no: EM13814691

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