Multiple Choice
Reference: Ref 20-3 (Table: Exchange Rates) Using the hypothetical exchange rate information in the table, which of the following statements is correct?
A) In 2004, the Japanese yen had become stronger relative to all other currencies.
B) In 2004, the American dollar had become weaker relative to all other currencies.
C) In 2004, the price of 1 European euro had doubled relative to Japanese yen.
D) In 2004, the price of 1 British pound had not changed relative to European euros.
Correct Answer:
Verified
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