Options from the text 1) Appreciated, depreciated 2) 7.3%, 6.9%, 12.5%, 1.9% 3)

Question

Options from the text

1) Appreciated, depreciated

2) 7.3%, 6.9%, 12.5%, 1.9%

3) Appreciated, depreciated

4) 7.3%, 1.9%, 6.9%, 3.6%

2. Exchange rate Aa Aa Use the information in this table to answer the questions that follow Exchange Rates On May 1, 2008 On May 1, 2009 Country (Currency) Currency Symbol Per $ Per Per $ Per 1.519 Canada (dollar) Euro zone (euro) Japan (yen) United Kingdom (pound) United States (dollar) 1.114 0.734 119.5 0.501 1.011 0.642 104.2 0.507 C$ 1.574 or EUR 162.9 0.683 1.363 162.1 0.79 1.558 What was the U.S. exchange rate against the euro on May 1, 2009? O 1.558 $ per O 0.642 per $ O 0.642 per O 1.558 per $ What was Canada's exchange rate against the U.S. dollar on May 1, 2008? 0.898 $ per C$ O 1.114 $per C$ O 1.114 C$ per $ O 0.898 C$ per $ What was the U.S. exchange rate against the British pound on May 1, 2009? O 0.507 $ per E O 0.507 E per $ O 1.972 $ per £ 1.972 E per $ Which of the following are true based on the time period from May 1, 2008, to May 1, 2009? Check all that apply The U.S. dollar depreciated against the Japanese yen The British pound appreciated against the euro The Canadian dollar appreciated against the U.S. dollar. The euro depreciated against the U.S. dollar. Over the period from May 1, 2008, to May 1, 2009, the U.S. dollar against the euro by . The euro against the Canadian dollar by

Explanation / Answer

1. $1.558 per euro

2. 1.114 C$ per $

3. Exchange rate = 1/0.507 = 1.972$ per pound

4. Correct option: Canadian dollar appreciated against the dollar

5. Depreciated, 12.5%

Reason: (0.734-0.642)/0.734

6. Appreciated, 3.6%

Reason: Increase in percentage from 1/1.519 to 1/1.574

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