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 is called
A) interest destabilization.
B) inflation.
C) recession.
D) foreign currency fluctuations.
E) global financial impact.

Question

Quizplus · Accepted Answer

The change in value between the euro and dollar is a result of foreign currency fluctuations. The value of currencies can be affected by various factors such as economic conditions, government policies, and global events. This can lead to a fluctuation in the exchange rate between different currencies, as seen in the example given. The other choices - interest destabilization, inflation, recession, and global financial impact - may also have an impact on foreign currency fluctuations, but by themselves do not fully explain the change in value between the euro and dollar.

In the Summer of 2002 the Euro Was Valued at Slightly