Which one of the following statements is the most accurate?

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A.The dollar rate of return on euro deposits is the euro interest rate plus the rate of depreciation of the dollar against the euro.

B.The dollar rate of return on euro deposits is approximately the euro interest rate minus the rate of depreciation of the dollar against the euro.

C.The dollar rate of return on euro deposits is the euro interest rate minus the rate of depreciation of the dollar against the euro.

D.The dollar rate of return on euro deposits is approximately the euro interest rate plus the rate of appreciation of the dollar against the euro.

E.The dollar rate of return on euro deposits is approximately the euro interest rate plus the rate of depreciation of the dollar against the euro.

Answer: E

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