Information about exchange rate calculations

Reference no: EM13117141

On May 16, the exchange rate of a German mark was $.58. On May 20, the exchange rate is $.57. Which of the following statements is true?

a. The dollar has risen against the mark

b. The dollar has fallen against the mark

c. The dollar is weaker than the mark

d. The dollar and the mark are equally strong

What causes one country's currency to rise or fall against another's?

Reference no: EM13117141

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