If the dollar appreciates with respect to the euro, this means that
A. a European vacation for an American will be more expensive.
B. it takes fewer dollars to buy the same amount of euros.
C. it takes more dollars to buy the same amount of euros.
D. it takes the same number of dollars to buy the same number of euros.
B. it takes fewer dollars to buy the same amount of euros.
You might also like to view...
Which of the following statements is correct?
a. The total income in the economy that remains after paying for consumption and government purchases is called private saving. b. The sum of private saving and national saving is called public saving. c. For a closed economy, the sum of private saving and public saving must equal investment. d. For a closed economy, the sum of consumption, national saving, and taxes must equal GDP.
Economists study how decisions are made.
Answer the following statement(s) true (T) or false (F)
Which is especially useful for comparing data?
a. line graph b. bar graph c. pie graph d. circle graph
Answer the following statements true (T) or false (F)
1) When a company declares bankruptcy, stockholders are the first to be paid when company assets are sold. 2) Payments to holders of corporate bonds are known as dividends. 3) Index funds are an example of passively managed funds. 4) Actively managed funds consistently outperform index funds.