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If you have $100 million in assets in Germany in 2006 (when the exchange rate was $1 = 1 euro), and in 2007 the exchange rate was $1 = 0.75 euro, then in 2007 your assets in Germany are (enter in your spreadsheet the letter answer corresponding to the claim below that is true):

A) Lower by 75 million euro.

B) Higher by 75 million euro.

C) Worth $133.3 million.

D) Worth less than in 2006.

E) None of the above is correct.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M92000318

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