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    The exchange rate and euro depreciation

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    The exchange rate changed from â?¬ 2.5/ $ to â?¬ 2.0/ $. Therefore:

    A. The euro depreciated by 25% and the dollar appreciated by 20%.
    B. The euro appreciated by 20% and the dollar depreciated by 20%.

    C. The euro appreciated by 25% and the dollar depreciated by 20%.

    D. The euro depreciated by 20% and the dollar appreciated by 20%

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    https://brainmass.com/economics/exchange-rates/exchange-rate-euro-depreciation-457951

    Solution Preview

    The exchange rate changed from â?¬ 2.5/ $ to â?¬ 2.0/ $. Therefore:

    A. The euro depreciated by 25% and the dollar appreciated ...

    Solution Summary

    The expert examines the exchange rate and euro depreciation.

    $2.49

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