• Card 139 / 145: If the current exchange rate between the dollar and euro was $1 to €0.75 yesterday but $1 to €0.85 today, the euro
    A) against the U.S. dollar has remained the same.
    B) has appreciated or depreciated against the U.S. dollar, depending on other currencies.
    C) has depreciated against the U.S. dollar.
    D) has appreciated against the U.S. dollar.

    Answer:
    C) has depreciated against the U.S. dollar.

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Macroeconomics MCQ

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