Assume that the exchange rate between the euro and the pound has changed from 2 euros per pound to 3 euros per pound.We can say that the
A) euro appreciated against the pound.
B) euro depreciated against the pound.
C) the euro has been officially revalued.
D) both the euro and the pound have appreciated.

Question

Quizplus · Accepted Answer

The euro depreciated against the pound because it now takes more euros to purchase one pound.

Assume That the Exchange Rate Between the Euro and the Pound