If in late 2003 one U.S.dollar exchanged for 118 euros and in mid-2004 one U.S.dollar 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 it could exchange for more euros in mid-2004 than in late 2003, indicating an increase in the dollar's value compared to the euro.

If in Late 2003 One U