Multiple Choice
Refer to the following figure when answering the following questions.
Figure 20.1: Exchange Rates
-Consider Figure 20.1. During the period 2008-2009, the U.S. dollar ________ relative to the euro and ________ relative to the U.K. pound.
A) appreciated; appreciated
B) depreciated; appreciated
C) appreciated; depreciated
D) depreciated; depreciated
E) Not enough information is given.
Correct Answer:

Verified
Correct Answer:
Verified
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