Reference: Ref 20-3 (Table: Exchange Rates) Using the hypothetical exchange rate information in the table, which of the following statements is correct?

Question

Quizplus · Accepted Answer

In the year 2004, the exchange rates have increased for all currencies except the US dollar which has actually decreased. This implies that the US dollar has become stronger relative to all other currencies. Therefore, option C is correct. Option A is incorrect because the British pound has decreased relative to the Indian rupee and the euro. Option B is incorrect because the Euro has decreased relative to the US dollar and the Indian rupee. Option D is incorrect because the Japanese yen has decreased relative to the US dollar and the Indian rupee.

Reference: Ref 20-3 (Table: Exchange Rates) Using the Hypothetical Exchange