Multiple Choice
Refer to the following figure when answering the following questions.
Figure 20.1: Exchange Rates
-Consider Figure 20.1. In the period 2007-2009, the euro ________ relative to the U.K. pound and ________ relative to the U.K. pound after 2011.
A) depreciated; appreciated
B) depreciated; remained somewhat unchanged
C) appreciated; remained somewhat unchanged
D) appreciated; depreciated
E) Not enough information is given.
Correct Answer:

Verified
Correct Answer:
Verified
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