Asked by Brooke Ramsey on Jul 16, 2024
Verified
In the summer of 2002 the euro was valued at slightly less than US$1. By 2008, it had risen to an all-time high of $1.60, but in early 2016, the euro and the dollar were nearly equivalent. This change in value represents
A) interest destabilization.
B) inflation.
C) recession.
D) foreign currency fluctuations.
E) global financial impact.
Foreign Currency Fluctuations
Changes in the value of a country’s currency relative to the currency of another country; can influence consumer spending.
Global Financial Impact
The effect of financial events or trends around the world on economies, markets, and individual financial status.
- Gain insight into how fluctuations in the economy, including inflation and currency valuation changes, influence consumer spending behaviors.
Verified Answer
JJ
Jessica JanisJul 20, 2024
Final Answer :
D
Explanation :
The change in value of the euro represents foreign currency fluctuations, as it fluctuated in relation to the US dollar.
Learning Objectives
- Gain insight into how fluctuations in the economy, including inflation and currency valuation changes, influence consumer spending behaviors.