Since its establishment on January 1, 1999, the euro has more than tripled in appreciation against the U.S. dollar, reaffirming the ability of the European Central Bank to manage monetary policy within the euro zone.
A. True
B. False

Question

Kiselevandrei1312idn Kiselevandrei1312idn

06-07-2021
Business

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Since its establishment on January 1, 1999, the euro has more than tripled in appreciation against the U.S. dollar, reaffirming the ability of the European Central Bank to manage monetary policy within the euro zone.
A. True
B. False

Sagot :

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Jepessoaidn Jepessoaidn · Answer 1 · 2021-07-07T20:31:30-04:00

Jepessoaidn Jepessoaidn

07-07-2021

Answer:

B. False

Explanation:

The exchange rate between the euro and the dollar was 1.1719 dollars per 1 euro. Currently, the exchange rate is 1.18 dollars per euro. The euro has appreciated slightly against the US dollar, but it is a small percentage. It is not even close to multiplying its value by 3.

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