The following table shows the number of U.S. dollars required to buy one euro between February 1, 2016, and September 1, 2016. Use this table to answer the following questions. Date U.S. Dollars Required to Buy 1 Euro February 1, 2016 1.1092 March 1, 2016 1.1134 April 1, 2016 1.1346 May 1, 2016 1.1312 June 1, 2016 1.1232 July 1, 2016 1.1055 August 1, 2016 1.1207 September 1, 2016 1.1218     Between February 1, 2016, and September 1, 2016, the U.S. dollar ________ against the euro, and the euro ________ against the U.S. dollar.   depreciated; appreciated appreciated; depreciated neither appreciated nor depreciated; depreciated depreciated; neither appreciated nor depreciated appreciated; neither appreciated nor depreciated

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter29: International Finance
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The following table shows the number of U.S. dollars required to buy one euro between February 1, 2016, and September 1, 2016. Use this table to answer the following questions.

Date U.S. Dollars Required to Buy 1 Euro
February 1, 2016 1.1092
March 1, 2016 1.1134
April 1, 2016 1.1346
May 1, 2016 1.1312
June 1, 2016 1.1232
July 1, 2016 1.1055
August 1, 2016 1.1207
September 1, 2016 1.1218
   



Between February 1, 2016, and September 1, 2016, the U.S. dollar ________ against the euro, and the euro ________ against the U.S. dollar.

 

depreciated; appreciated

appreciated; depreciated

neither appreciated nor depreciated; depreciated

depreciated; neither appreciated nor depreciated

appreciated; neither appreciated nor depreciated 

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