Today the exchange rate is huf 243 forint per dollar. these, Ask an Expert

Economics

Five years ago, the U.S. dollar's exchange rate with the Hungarian forint was HUF 221 forint per dollar. Today, the exchange rate is HUF 243 forint per dollar. These figures indicate that over this five year period, the dollar

A. strengthened against the forint.
B. weakened against the forint.
C. is not highly correlated to the krona.
D. the answer cannot be determined without knowing the number of forints needed to buy dollar.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M945477

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