Asked by
Lukas Holsberg
on Dec 15, 2024
Verified
If the US$ strengthens by 2% relative to the euro (US$1.00 = €0.746826) , what will be the new value for the euro per US$1.00?
A) €0.7618 per US$1.00
B) €0.7322 per US$1.00
C) €0.7319 per US$1.00
D) €0.7621 per US$1.00
E) €0.8962 per US$1.00
US$
The United States Dollar, the official currency of the United States, represented as USD.
Euro
The official currency of 19 of the 27 European Union countries, which together make up the Eurozone.
- Acquire knowledge of and determine exchange rates along with their influence on monetary value.
Verified Answer
PC
Learning Objectives
- Acquire knowledge of and determine exchange rates along with their influence on monetary value.