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

-From January 2003 to January 2008,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 2003 to January 2008,the Canadian dollar _____________;by the end of the period,it was worth approximately ______________ than at the beginning.

Quizplus · Accepted Answer

From January 2003 to January 2008, the Canadian dollar appreciated, as seen by the upward trend in the exchange rate. By the end of the period, the exchange rate was approximately US$0.40 higher than at the beginning (based on the difference between the highest and lowest points on the graph during this period). Therefore, choice C, "appreciated; US$0.40 more," is the best choice.

The Figure Below Shows the U