Question: If U.S. interest rates decrease due to a Fed announcement, and the European Central Bank takes no action, then the value of euro will ____

If U.S. interest rates decrease due to a Fed announcement, and the European Central Bank takes no action, then the value of euro will ____ against the value of U.S. dollar. The Fed's action is called ____ intervention. Question 14Select one: a. appreciate; direct b. appreciate; indirect c. depreciate; direct d. depreciate; indirect

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