Refer to Figure 14.2 for the following questions.
Figure 14.2

-Refer to Figure 14.2. A depreciation of the euro is represented as a movement from:
A)D to A.
B)C to D.
C)B to C.
D)B to A.

Question

Refer to Figure 14.2 for the following questions.
Figure 14.2
 
-Refer to Figure 14.2. A depreciation of the euro is represented as a movement from:
A)D to A. 
B)C to D. 
C)B to C. 
D)B to A.

Quizplus · Accepted Answer

A depreciation of the euro means that the euro has lost value relative to another currency. This is represented by a movement from B to C, where the amount of foreign currency that can be obtained for a unit of euros decreases, indicating that the euro is worth less.

Refer to Figure 14.2 for the Following Questions