alleryStart learning →The dollar's 2002 to 2008 loss of value occurred in which markets?
AForeign currency markets
BDomestic bond markets
CLocal labour markets
DRegional grain markets
Answer & Solution
Correct answer: A. Foreign currency markets
1. The fall was measured against other currencies.
2. From 2002 to 2008 the US dollar lost more than a quarter of its value.
3. That loss occurred in foreign currency markets.
4. Those are the markets where currencies trade against each other.
_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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