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Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Suppose yesterday the euro was trading on the foreign exchange market at 1.36U.S.andtodayitistradingat1.36 U.S. and today it is trading at 1.40 U.S. Which of the following is true?
Plain-text mathematical notation (without MathML)
Suppose yesterday the euro was trading on the foreign exchange market at 1.36U.S.andtodayitistradingat1.40 U.S. Which of the following is true?
Original LaTeX notation
Suppose yesterday the euro was trading on the foreign exchange market at $1.36 U.S. and today it is trading at $1.40 U.S. Which of the following is true?

choices

  1. The U.S. dollar has appreciated.
  2. The euro has depreciated.
  3. Interest rates in the United States have decreased.
  4. The euro has appreciated.

subject

high_school_macroeconomics

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Source and history

Official source

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