Question

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In 2016, Maria travels to Italy and exchanges $1000 for 800 euros, the next year she returns and exchanges $1000 for 750 euros. She concludes that...

the euro has depreciated relative to the dollar.

the dollar had depreciated relative to the euro.

the dollar has appreciated relative to the euro.

Answer 1

Answer:

The dollar has depreciated relative to the euro

Explanation:

If I exchange you a lesser amount of money in U.S. currency for a bigger amount in Euros when trading money, that means the value of my money is more. So if I were to exchange $1000 for 750 euros instead of 800 euros, the value of a euro eithed went up or the value of a U.S. dollar went down