Author Question: An increase in the exchange rate from 2.00 = 1 to 2.20 = 1 is a A) 10 depreciation of the euro ... (Read 42 times)

EAugust · **on:** Jun 30, 2018

An increase in the exchange rate from 2.00 = 1 to 2.20 = 1 is a

A) 10 depreciation of the euro with respect to the dollar.
B) 10 depreciation of the dollar with respect to the euro.
C) 10 appreciation of the dollar with respect to the euro.
D) None of the above.

Question 2

In the United States at the end of 2012, the total money supply, M1, amounted to approximately

A) 16 percent of that year's GNP.
B) 20 percent of that year's GNP.
C) 30 percent of that year's GNP.
D) 40 percent of that year's GNP.
E) 50 percent of that year's GNP.