Select the correct answer. In 2008, the exchange rate between euros and US dollars was 1 euro for $1.55. In 2019, the rate was 1 euro for $1.12.

Based on this information, which conclusion can be drawn about the value of the euro in international trade?

A.

In 2019, the United States had to lower its prices on goods sold to European nations.

B.

In 2019, European nations could purchase fewer US goods than they could for the same price in 2008.

C.

In 2019, the United States had to raise its prices on goods sold to European nations.

D.

In 2019, European nations could purchase more US goods than they could for the same price in 2008.

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