Figure 20.1. Exchange Rul $US/EU SUSUK UK EEU 0.95 EXCHANGE RATE: 2.20 SUS/EURO AND $US/UK POUND 2.00 0.90 1.80 0.85 1.60 EXCHANGE RATE: 0.80 UK POUND EURO 1.40 0.75 1.20 0.70 1.00 0.65 2007.01 2007.07 2008.01 2008.07 2009.01 2009.07 2010.01 2010.07 2011.01 2011.07 YEAR (Source: Federal Reserve Economic Data, St. Louis Federal Reserve) Consider Figure 20.1. In the period 2007-2009, the euro after 2011. relative to the U.K. pound and relative to the U.K. pound a. appreciated; depreciated b. Not enough information is given. c. appreciated; remained somewhat unchanged O d. depreciated; appreciated e. depreciated; remained somewhat unchanged Figure 20.1. Exchange Rul $US/EU SUSUK UK EEU 0.95 EXCHANGE RATE: 2.20 SUS/EURO AND $US/UK POUND 2.00 0.90 1.80 0.85 1.60 EXCHANGE RATE: 0.80 UK POUND EURO 1.40 0.75 1.20 0.70 1.00 0.65 2007.01 2007.07 2008.01 2008.07 2009.01 2009.07 2010.01 2010.07 2011.01 2011.07 YEAR (Source: Federal Reserve Economic Data, St. Louis Federal Reserve) Consider Figure 20.1. In the period 2007-2009, the euro after 2011. relative to the U.K. pound and relative to the U.K. pound a. appreciated; depreciated b. Not enough information is given. c. appreciated; remained somewhat unchanged O d. depreciated; appreciated e. depreciated; remained somewhat unchanged