If in late 2016 100 U.S. dollars exchanged for 118 euros and in mid-2017 100 U.S. dollars exchanged for 127 euros, then:
A) the euro appreciated relative to the dollar.
B) the dollar appreciated relative to the euro.
C) European goods became more expensive to Americans.
D) American goods became more expensive to Americans.

Question

Quizplus · Accepted Answer

The dollar appreciated relative to the euro because you could get more euros for the same amount of dollars in mid-2017 compared to late 2016.

If in Late 2016 100 U