Question: Suppose that the exchange rate between the U . S . dollar and the euro is 1 U . S . dollar for 1 .

Suppose that the exchange rate between the U.S. dollar and the euro is 1 U.S. dollar for 1.5 euros. Now assume that the rate changes to 1 U.S. dollar for 1.8 euros. The euro has:
depreciated.
appreciated.
become more valuable in terms of U.S. dollars.
not changed in value.
Suppose that the exchange rate between the U . S

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