Refer to the following figure when answering the following questions.
Figure 20.1: Exchange Rates
-Consider Figure 20.1. During the period 2008-2009, the U.S. dollar ________ relative to the euro and ________ relative to the U.K. pound.

Question

Refer to the following figure when answering the following questions.
Figure 20.1: Exchange Rates  
-Consider Figure 20.1. During the period 2008-2009, the U.S. dollar ________ relative to the euro and ________ relative to the U.K. pound.

Quizplus · Accepted Answer

The U.S. dollar appreciated relative to both the euro and the U.K. pound during 2008-2009, meaning it increased in value compared to these currencies.

Refer to the Following Figure When Answering the Following Questions