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1. In January 2001, the euro/dollar exchange rate was 1.10, and in January 2002, the euro/dollar exchange rate was 1.120 What happened to the exchange rate during this period?
a. Euro appreciated against the dollar.
b. Euro depreciated against the dollar.
c. Dollar appreciated against the euro.
d. Both B and C.
2. True or False: Stating the dollar has strengthened against the yen means the dollar has depreciated.
Assume to John Smith gets promoted to a job to cause two changes to occur simultaneously: John earns a higher wage also safer environment
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