Asked by
martha armijo
on Dec 15, 2024Verified
If the US$ weakens by 5% relative to the euro (US$1.00 = €0.746826) , what will be the new value for the euro per US$1.00?
A) €0.7842 per US$1.00
B) €0.7095 per US$1.00
C) €0.7861 per US$1.00
D) €0.7113 per US$1.00
E) €0.7855 per US$1.00
Weakens
To become lesser in strength, value, or severity.
US$
The United States dollar, the official currency of the United States of America.
Euro
The official currency of the eurozone, represented by the symbol € and used by 19 of the 27 European Union countries.
- Comprehend and compute exchange rates and their impacts on the value of currency.
Verified Answer
TL
Learning Objectives
- Comprehend and compute exchange rates and their impacts on the value of currency.