[Above chart shows the exchange rate between USD and euro the during the last five years – it shows price of 1 euro in USD; how much 1 euro is worth in USD. On April 3, 2020, the rate was 1 euro = 1.08 USD. On May 28, 2021, the rate was 1 euro = 1.22 USD. Using what you learned in this course, state which currency appreciated, and which currency depreciated between these two dates (4/3/2020 and 5/28/2021)?
[Above chart shows the exchange rate between USD and euro the during the last five years – it shows price of 1 euro in USD; how much 1 euro is worth in USD. On April 3, 2020, the rate was 1 euro = 1.08 USD. On May 28, 2021, the rate was 1 euro = 1.22 USD. Using what you learned in this course, state which currency appreciated, and which currency depreciated between these two dates (4/3/2020 and 5/28/2021)?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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6) [Above chart shows the exchange rate between USD and euro the during the last five years – it
shows price of 1 euro in USD; how much 1 euro is worth in USD.
On April 3, 2020, the rate was 1 euro = 1.08 USD.
On May 28, 2021, the rate was 1 euro = 1.22 USD.
Using what you learned in this course, state which currency appreciated, and which currency
between these two dates (4/3/2020 and 5/28/2021)?
Transcribed Image Text:1.25
1.20
1.15
1.10
1.05
1.00
0.95
2019
2020
2021
2022
2023
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