With the Start of the Subprime Financial Crisis in August

Multiple Choice

With the start of the subprime financial crisis in August 2007,the dollar ________ in value against the euro as the Fed lowered interest rates.By December of 2008,with the financial crisis spreading throughout Europe,foreign central banks cut their interest rates,leading to a ________ in the value of the dollar relative to the euro.

A) rose; further increase
B) rose; decline
C) declined; rise
D) declined; further decline