Use the following to answer questions
Figure: Yuan Foreign Exchange Market for U.S.Dollars 
-(Figure: Yuan Foreign Exchange Market for U.S.Dollars) Based on this figure,which of the following statements is correct?
A) Moving up the y-axis,the Chinese yuan depreciates relative to all world currencies.
B) Moving up the y-axis,the American dollar depreciates relative to the Chinese yuan.
C) Moving down the y-axis,the Chinese yuan depreciates relative to the U.S.dollar.
D) Moving up the y-axis,the Chinese yuan depreciates relative to the U.S.dollar.
Correct Answer:
Verified
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Figure:
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