Asked by
Blayne Saari
on Dec 16, 2024
Verified
If the exchange rate changes from 75 cents per euro to $1 per euro,the euro has:
A) appreciated,since its value has increased.
B) appreciated,since the price of U.S.dollars has increased.
C) appreciated,making U.S.goods more expensive in European nations.
D) depreciated,since its value has declined.
E) depreciated,since its value has increased.
Exchange Rate
The price at which one currency can be exchanged for another.
Euros
The eurozone's recognized currency, used by 19 out of the 27 member states of the European Union.
- Comprehend the principle of currency appreciation and depreciation.
Verified Answer
ZA
Learning Objectives
- Comprehend the principle of currency appreciation and depreciation.