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    International Economics Study Set 9
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    Exam 13: Introduction to Exchange Rates and the Foreign Exchange Market
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    If Today €1 Exchanges for ¥135, and Tomorrow €1 Exchanges
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If Today €1 Exchanges for ¥135, and Tomorrow €1 Exchanges

Question 89

Question 89

Multiple Choice

If today €1 exchanges for ¥135, and tomorrow €1 exchanges for ¥150, we say the euro has:


A) appreciated.
B) depreciated.
C) stagnated.
D) become inverted.

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