When Fewer Units of a Foreign Currency Are Required to Buy

question 19

Multiple Choice

When fewer units of a foreign currency are required to buy one euro, the currency is said to have with respect to the euro.

• A) depreciated
• B) consolidated
• C) remained fixed
• D) appreciated

---

Definitions:

Equality Norm

A principle that emphasizes equal rights and opportunities for all individuals in a society.

Empathy-Altruism Hypothesis

The proposition that empathetic concern for others leads to altruistic behavior, motivated by a genuine desire to improve another's welfare.

Altruistic Behavior

Actions driven by the desire to help others without expecting personal gain or benefit, often motivated by empathy and concern for others.

Empathetic

Refers to the ability to understand and share the feelings of another person from their perspective.