Question

Suppose that one euro costs $0.80 on January 1. Suppose that on March 1, one euro costs $0.75. What has happened to the value of the dollar (in terms of euros) over this period?

Answer 1

The value of the dollar increased over the period

Step-by-step explanation:

In March, the euro could buy a less amount of dollar compared to January. We can say the dollar became more expensive compared to the euro or the value of the dollar increased.

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