• 2022-06-18
    Oneyearago,thenominalexchangerateforUSD/EURwas1.300.Sincethen,therealexchangeratehasincreasedby3%.Thismostlikelyimpliesthat:
    A: thenominalexchangerateislessthanUSD/EUR1.235.
    B: thepurchasingpoweroftheeurohasincreasedapproximately3%intermsof
    C:
    D: goods.
    E: inflationintheeurozonewasapproximately3%higherthaninflationintheUnitedStates.
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