One year ago, the nominal exchange rate for USD/EUR was 300. Since then, the real exchange rate has increased by 3%. This most likely implies that:

A.The nominal exchange rate is less than USD/EUR 1.235.

B.The purchasing power of the euro has increased approximately 3% in terms of U.S. goods.

C.Inflation in the euro zone was approximately 3% higher than inflation in the United States.