What is the impact on the foreign exchange rate?
a. The euro exchange rate changes from $1.50 per euro to $1.00 per euro.
b. The dollar appreciates in value from $1.00 to $1.50.
c. The euro depreciates in value from $1.50 per euro to $1.00 per euro.
d. The dollar price of euros increases from $1.00 to $1.50.
d. The dollar price of euros increases from $1.00 to $1.50.
You might also like to view...
Money that we have today can be set aside to purchase things in the future. This function of money is known as
A) medium of exchange. B) unit of accounting. C) store of value. D) standard of deferred payment.
Which of the following conditions distinguishes monopolistic competition from perfect competition?
a. number of sellers b. freedom of entry and exit c. perfect information d. homogeneity of the product
Economics is best defined as the study of:
A. supply and demand. B. the financial concerns of businesses and individuals. C. inflation, interest rates and the stock market. D. how people make choices in the face of scarcity and the implications of those choices for society as a whole.
For the economy to be in equilibrium, the following condition must be satisfied: G + I = S + T.
Answer the following statement true (T) or false (F)