QUESTION $26$

If the USD$/$EUR exchange rate goes from $1\mathrm{.}19$ to $1\mathrm{.}15$

A$.$ The Euro has appreciated relative to the US dollar

B$.$ The US dollar has depreciated relative to the Euro

C$.$ The US dollar has appreciated relative to the Euro, and Euro has depreciated relative to the US dollar

D$.$ There is no impact on relative value change between US dollar and Euro