When the euro was launched in January 1999,its price was $1.18.Eighteen months later,its price was $0.94.Over this period,the euro
A) appreciated, making EMU member countries' goods more attractive to consumers in the United States.
B) appreciated, making EMU member countries' goods less attractive to consumers in the United States.
C) depreciated, making EMU member countries' goods more attractive to consumers in the United States.
D) depreciated, making EMU member countries' goods less attractive to consumers in the United States.
E) neither appreciated nor depreciated. Only EMU prices have changed; the desirability of the goods is not affected.

Question

Quizplus · Accepted Answer

The euro depreciated from $1.18 to $0.94, making goods from EMU member countries cheaper and thus more attractive to consumers in the United States.

When the Euro Was Launched in January 1999,its Price Was