Multiple Choice

-Consider Figure 19.1,which shows the £UK/$US,$US/€,and £UK/€ exchange rates.In the period 1999-2001,the euro __________ relative to the U.K.pound and __________ relative to the U.K.pound after 2001.
A) depreciated;appreciated
B) depreciated;remained somewhat unchanged
C) appreciated;depreciated
D) appreciated;remained somewhat unchanged
E) Not enough information is given.
Correct Answer:
Verified
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