Reference: Ref 20-3 (Table: Exchange Rates) Using the Hypothetical Exchange

question 134

Multiple Choice

Reference: Ref 20-3 (Table: Exchange Rates) Using the hypothetical exchange rate information in the table, which of the following statements is correct?

• A) In 2004, the Japanese yen had become stronger relative to all other currencies.
• B) In 2004, the American dollar had become weaker relative to all other currencies.
• C) In 2004, the price of 1 European euro had doubled relative to Japanese yen.
• D) In 2004, the price of 1 British pound had not changed relative to European euros.

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