The Major Factor Contributing to the Depreciation of the Dollar

Multiple Choice

The major factor contributing to the depreciation of the dollar in 2007-2008 was:

A) higher U.S. interest rates resulting in lower capital outflows.
B) lower U.S. interest rates resulting in higher capital outflows.
C) higher U.S. interest rates resulting in higher capital outflows.
D) lower U.S. interest rates resulting in lower capital outflows.