Economics 9708 · AS & A Level · 6.4

6.4 — practice question

The graphs illustrate how the exchange rates of the £ sterling changed between 1998 and 2003. What happened to the value of the £ sterling between 2001 and 2003?

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

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