If the exchange rate changes from 1 euro per U.S.dollar to 1.2 euros per U.S.dollar,the Euro has:

A) appreciated,since its value has increased.
B) appreciated,since the price of U.S.dollars has increased.
C) appreciated,making U.S.goods cheaper in European countries.
D) depreciated,since its value has declined.
E) depreciated,since its value has increased.

Exchange Rate

The value of one currency for the purpose of conversion to another, determining how much of one currency can be exchanged for another.

Euros

The official currency of the eurozone, which is used by 19 of the 27 European Union countries.

U.S. Dollar

The official currency of the United States of America, widely used as a standard for international financial transactions.