In Late 2000,you Could Purchase About 400 Drachma for a Dollar.In

Multiple Choice

In late 2000,you could purchase about 400 drachma for a dollar.In late 2005 you could purchase about 280 drachma for a dollar.These exchange rates are given in

A) real terms and over this period the dollar appreciated.
B) real terms and over this period the dollar depreciated.
C) nominal terms and over this period the dollar appreciated.
D) nominal terms and over this period the dollar depreciated.