In today’s Wall Street Journal, you see the Greek drachma (GRD) quoted at $0.003635. Yesterday, it was quoted at $0.003521. The drachma ________ by ________.
A) depreciated; 1.14%
B) appreciated; 3.05%
C) depreciated; 3.05%
D) appreciated; 3.24%
E) depreciated; 3.24%
ANSWER
D
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