In this problem, USD refers to the United States dollar and EUR refers to the euro. A
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Question:
In this problem, "USD" refers to the United States dollar and "EUR" refers to the euro.
A year ago, the exchange rate was USD1.2/EUR. Today the exchange rate is USD1.4/EUR. The USD has:
a.) Appreciated by 16.67%
b.) Appreciated by 14.29%
c.) Depreciated by 14.29%
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