alleryStart learning →From 2002 to 2008, the US dollar lost more than what share of its value?
AMore than a tenth
BMore than a third
CMore than a quarter
DMore than a half
Answer & Solution
Correct answer: C. More than a quarter
1. A specific historical fall is quoted.
2. Exchange rates fluctuate substantially.
3. From 2002 to 2008 the US dollar lost value in foreign currency markets.
4. It lost more than a quarter of its value.
_Source: OpenStax Principles of Macroeconomics for AP Courses 2e (CC BY 4.0), Ch 15 'Exchange Rates and International Capital Flows'_
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