If one euro exchanges for 0.84 British pound a year ago, and a euro exchanges for 0.92 British pound today, then the euro has

Group of answer choices

depreciated. All else equal, the depreciation would make countries in the eurozone less likely to purchase British products.

appreciated. All else equal, the appreciation would make countries in the eurozone less likely to purchase British products.

depreciated. All else equal, the depreciation would make countries in the eurozone more likely to purchase British products.

appreciated. All else equal, the appreciation would make countries in the eurozone more likely to purchase British products.