Referring to Figure 17.1, a downward movement along the vertical axis would correspond to a(n) __________ of the U.S. dollar.
A. Arbitraging.
B. Devaluation
C. Appreciation
D. Depreciation
Answer:C
Referring to Figure 17.1, a downward movement along the vertical axis would correspond to a(n) __________ of the U.S. dollar.
A. Arbitraging. B. Devaluation C. Appreciation D. Depreciation