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The following table shows the exchange rate between several foreign currencies and the U.S. dollar. ...

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The following table shows the exchange rate between several foreign currencies and the U.S. dollar. ...

The following table shows the exchange rate between several foreign currencies and the U.S. dollar.

Currency	May 2016 Exchange rate (per U.S. dollar)	May 2017 Exchange Rate (per U.S. dollar)
British pound	0.6891	0.7673
Euro	0.8922	0.8924
Yen	110.564	111.219
Yuan	6.554	6.885

Refer to the table above. Between May 2016 and May 2017, the U.S. dollar has ________ against the euro and ________ against the yen.

▸ depreciated; depreciated

▸ depreciated; appreciated

▸ appreciated; appreciated

▸ appreciated; depreciated

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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