In 2015 the euro depreciated more than 30 percent against the dollar. As a result, European:
A)exports rose, boosting the economy.
B)imports rose, boosting the economy.
C)exports declined, dragging down the economy.
D)imports declined, dragging down the economy.

Question

Quizplus · Accepted Answer

When a currency depreciates, it becomes cheaper for other countries to buy goods from the country with the depreciated currency, leading to an increase in exports. This can boost the economy by increasing production and sales abroad.

In 2015 the Euro Depreciated More Than 30 Percent Against