A developing country's economy is based on exporting raw materials to the United States . The country sells raw materials for U.S. dollars and converts them to its own currency at current exchange rates. The table shows these exchange rates for the years 1990 to 2020 . Based on the graph, which conclusion best describes the country's economic situation between 1990 and 2000? 5.0.1990200020102020Exchange rate with U.S. dollar30 A. The country's currency became less valuable compared to the U.S.dollar.O B. The country experienced lower levels of inflation compared to theU.S. dollar.C. The country's exchange rate became fixed to the value of the U.S.dollar.D. The country received less of its own currency when convertingeach U.S. dollar.

Year: 1990, Rate : 10 Year: 2000, Rate: 20 Year: 2010, Rate: 25 Year: 2020, Rate: 15

Answered: U.S. dollars and converts

Math

Probability

U.S. dollars and converts

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Question

A developing country's economy is based on exporting raw materials to the United States . The country sells raw materials for U.S. dollars and converts them to its own currency at current exchange rates. The table shows these exchange rates for the years 1990 to 2020 .

Based on the graph, which conclusion best describes the country's economic situation between 1990 and 2000?

5.
0.
1990
2000
2010
2020
Exchange rate with U.S. dollar
30

A. The country's currency became less valuable compared to the U.S.
dollar.
O B. The country experienced lower levels of inflation compared to the
U.S. dollar.
C. The country's exchange rate became fixed to the value of the U.S.
dollar.
D. The country received less of its own currency when converting
each U.S. dollar.

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