Based on the exchange rates for the first trading days of


Question: Based on the exchange rates for the first trading days of 2013 and 2014 shown in the accompanying table, did the U.S. dollar appreciate or depreciate during 2014? Did the movement in the value of the U.S. dollar make American goods and services more or less attractive to foreigners?

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Accounting Basics: Based on the exchange rates for the first trading days of
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