IF A EURO COSTS $1.25 TODAY, AND IT COSTS $1.50 TOMORROW, WHAT HAS...

8. If a euro costs $1.25 today, and it costs $1.50 tomorrow, what has happened to the dollar-euro exchange rate? A) The dollar has depreciated and the euro has depreciated. B) The dollar has appreciated and the euro has depreciated. C) The dollar has depreciated and the euro has appreciated. D) The dollar has appreciated and the euro has appreciated.