Economics 9708 · AS & A Level · 6.4

6.4 — practice question

The graphs illustrate how the exchange rates of the pound sterling (£) changed relative to the US dollar (US$) and the euro (€) from 2001 to 2003. What happened to the value of the £ from 2001 to 2003?

  • AThe £ appreciated against the US$ and depreciated against the €.
  • BThe £ appreciated against the US$ and the €.
  • CThe £ depreciated against the US$ and appreciated against the €.
  • DThe £ depreciated against the US$ and the €.

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