1. The exchange rate for 1 dollar was 1.1 Euros and 1.3 Peso one month ago. Now, the exchange rate for 1 dollar is 1.3 Euros and 1.2 Peso. We can say: A) the dollar has appreciated relative to both Euro and Peso. B) the dollar has depreciated relative to both Euro and Peso. C) the dollar has appreciated relative to Euro and depreciated relative to Peso. D) the dollar has depreciated relative to Euro and appreciated relative to Peso. E) none of the above

1. The exchange rate for 1 dollar was 1.1 Euros and 1.3 Peso one month ago. Now, the exchange rate for 1 dollar is 1.3 Euros and 1.2 Peso. We can say: A) the dollar has appreciated relative to both Euro and Peso. B) the dollar has depreciated relative to both Euro and Peso. C) the dollar has appreciated relative to Euro and depreciated relative to Peso. D) the dollar has depreciated relative to Euro and appreciated relative to Peso. E) none of the above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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See attached.
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