Suppose the Russian ruble appreciated between May and June 2018.
What would this have meant for tourists heading to Russia to watch the World Cup in June 2018?
Choose 1 answer:
(A) Russian goods would have been relatively cheaper to tourists
(B) The exchange rate of other currencies relative to the ruble would have increased
(c) It would have taken more of their currency to buy the ruble
(D) Russia's price level would have increased
(E) The exchange rate of the ruble would have decreased
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