Spreadsheet the letter answer corresponding to the claim

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Reference no: EM131244457

If you have $100 million in assets in Germany in 2006 (when the exchange rate was $1 = 1 euro), and in 2007 the exchange rate was $1 = 0.75 euro, then in 2007 your assets in Germany are (enter in your spreadsheet the letter answer corresponding to the claim below that is true):

A) Lower by 75 million euro.

B) Higher by 75 million euro.

C) Worth $133.3 million.

D) Worth less than in 2006.

E) None of the above is correct.

Reference no: EM131244457

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