Suppose yesterday the euro was trading on the foreign, Ask an Expert

Economics

Suppose yesterday the euro was trading on the foreign exchange market at $1.36 U.S. and today it is trading at $1.40 U.S. Which of the following is true?

a) The US dollar has appreciated.

b) The US dolar has depreciated.

c) Interst rates in the US have decreased.

d) The demand for US products has decreased.

e) The euro has appreciated.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M969338

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