Asked by
Brianda Chavez
on Oct 11, 2024Verified
Appreciation of the euro relative to the dollar means that the
A) dollar price of the euro has fallen.
B) euro price of gold has risen.
C) euro prices of U.S.goods exported to the nations that adopted the euro as its currency have fallen.
D) euro is cheaper for Americans.
Appreciation
An increase in the value of a currency in terms of other currencies.
Euro
The official currency used by 19 of the 27 European Union countries, also known as the eurozone.
Dollar
A currency unit used by the United States and other countries, represented by the symbol $, and used as a standard monetary unit in international transactions.
- Apprehend the effect of alterations in currency values on international commerce operations.
Verified Answer
AA
Learning Objectives
- Apprehend the effect of alterations in currency values on international commerce operations.