Refer to the following figure when answering the following questions.
Figure 20.1: Exchange Rates
-Consider Figure 20.1. During the period 2007-2008, the U.S. dollar ________ relative to the euro and ________ relative to the U.K. pound between 2010 and 2011.

Question

Refer to the following figure when answering the following questions.
Figure 20.1: Exchange Rates  
-Consider Figure 20.1. During the period 2007-2008, the U.S. dollar ________ relative to the euro and ________ relative to the U.K. pound between 2010 and 2011.

Quizplus · Accepted Answer

In Figure 20.1, during the period 2007-2008, the U.S. dollar declined in value relative to the euro and remained relatively stable (did not change significantly) relative to the U.K. pound between 2010 and 2011. Therefore, the correct answer is C, as the U.S. dollar depreciated relative to the euro and did not change significantly relative to the U.K. pound during the specified periods.

Refer to the Following Figure When Answering the Following Questions