Suppose That Yesterday One Dollar Was Exchanged for 1

question 36

Multiple Choice

Suppose that yesterday one dollar was exchanged for 1.2 euros. Today one dollar is exchanged for 1.3 euros. We know that the euro

• A)has appreciated against the dollar.
• B)has depreciated against the dollar.
• C)is now at par with the dollar.
• D)and the dollar has appreciated against the Japanese yen.
• E)and the dollar has depreciated against the Japanese yen.