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In 2008 the exchange rate of the Euro appreciated against the US dollar . A possible cause for the appreciation of the Euro was
In a world of many trading countries, the trade between two countries need not be balanced for the trade of each to be in global balance. Differing demands and productive capabilities among countries will cause a specific country to have trade deficits with some countries and surplus with other countries. Which of the following statements best summarizes the above?

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