Which of the following statements about the Euro's exchange rates with Sterling and the U.S. Dollar is true?
(a) The Euro is above parity with both Sterling and the Dollar;
(b) The Euro is below parity with the Dollar and above parity with Sterling;
(c) The Euro is below parity with Sterling and above parity with the Dollar;
(d) The Euro is below parity with both Sterling and the Dollar.
Answer: (b) The Euro is below parity with the Dollar and above parity with Sterling;
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