Use the Following to Answer Questions: Table: Exchange Rates -(Table: Exchange Rates) Using the Hypothetical Exchange Rate Information in

question 80

Multiple Choice

Use the following to answer questions: Table: Exchange Rates $$\begin{array} { l l l } \hline \text { Year } & \text { Exchange Rates } & \\\hline 2000 & \text { 1 U.S. } \$ = 0.5 \text { British } £ & 0.4 \text { European } € = 100 \\& \text { Japanese ₹ } & \\2004 & \text { 1 U.S. } \$ = 1.0 \text { British } £ & 0.8 \text { European } € = 200 \\& \text { Japanese ₹ }\\\hline\end{array}$$
-(Table: Exchange Rates) Using the hypothetical exchange rate information in the table, which of the following statements is correct?

• A) In 2004, the British pound had become stronger relative to U.S. dollars.
• B) In 2004, the European euro had become stronger relative to Japanese yen.
• C) In 2004, the U.S. dollar had become stronger relative to British pounds.
• D) In 2004, the Japanese yen had become stronger relative to European euros.

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