The figure below shows the U.S.dollar-Canadian dollar nominal exchange rate from January 1971 to March 2008.

-From January 1993 to January 2003,the Canadian dollar __________;by the end of the period,it was worth approximately ___________ than at the beginning.

Question

The figure below shows the U.S.dollar-Canadian dollar nominal exchange rate from January 1971 to March 2008.
 
-From January 1993 to January 2003,the Canadian dollar __________;by the end of the period,it was worth approximately ___________ than at the beginning.

Quizplus · Accepted Answer

From January 1993 to January 2003, the Canadian dollar depreciated as the exchange rate increased from around US$0.73 to just over US$0.63. By the end of the period, the Canadian dollar was worth approximately US$0.30 less than at the beginning. Therefore, choice D is the correct answer.

The Figure Below Shows the U