Which of the Following Statements About Exchange Rates Is Incorrect

Multiple Choice

Which of the following statements about exchange rates is incorrect?

A) Between 2008 and 2017, the euro appreciated against the U.S. dollar.
B) Between 2000 and 2008, the U.S. dollar declined in value relative to the euro and renminbi.
C) Between 2011 and 2017, the yen appreciated significantly against the U.S. dollar.
D) After 2004, the Chinese government let the renminbi depreciate against the U.S. dollar.