Between Early 2002 and Summer 2008 the Value of the Dollar

Multiple Choice

Between early 2002 and summer 2008 the value of the dollar

A) lost about 45 percent of its value against the euro.
B) increased about 50 percent against an average of other major currencies.
C) declined against other major currencies because of strong demand by foreign investors for U.S. stocks and bonds.
D) declined against some foreign currencies, rose against others and overall had about the same value against an average of other major currencies.