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

question 60

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 British pound had become stronger relative to all other currencies. B)  In 2004, the European Euro had become stronger relative to all other currencies. C)  In 2004, the U.S. dollar had become stronger relative to all other currencies. D)  In 2004, the Japanese yen had become stronger relative to all other currencies. Reference: Ref 20-3 (Table: Exchange Rates) Using the hypothetical exchange rate information in the table, which of the following statements is correct?


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