Use the Following to Answer Questions

question 138

Multiple Choice

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.