economics

The U.S.-dollar-per-euro exchange rate was 0.8703 on Monday and 0.8807 on Tuesday. Did the euro depreciate or appreciate relative to the dollar? How much in percent did it appreciate or depreciate?

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  1. Think it through.
    On Monday, one dollar could buy .8703 euros. On Tuesday it could by .8807. The dollar could buy more euros -- the value of the dollar went up. .8807/.8703= about a 1%+ increase

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