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Question 6: [1 point] Complete the below statement: On February 1, 2017, one U.S. Dollar was...

Question 6: [1 point] Complete the below statement:

On February 1, 2017, one U.S. Dollar was worth €0.93. On February 28, 2017, one U.S. Dollar was worth €0.95. During the month of February, the U.S. Dollar _________________ (appreciated, depreciated), and the Euro _________________ (appreciated, depreciated).

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Answer #1

The US dollar has APPRECIATED and the Euro dollar has DEPRECIATED.

After the month US dollar can buy more Euro dollars which means US dollar has appreciated.

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