In 2008, one Euro could be exchanged for 11 Chinese Yuan. In 2011, a euro was worth 9 Yuan. Based on this information, which statement could be true?

Demand for the euro increased between 2008 and 2011, while demand for the Yuan decreased.

Demand for the Yuan increased between 2008 and 2011 as demand for the euro decreased.

There were fewer euros in circulation in 2011 than there were in 2008.

The European economy grew more than the Chinese economy in 2011.

Question

Jett Velazquez

Social Studies

9 January, 13:07

In 2008, one Euro could be exchanged for 11 Chinese Yuan. In 2011, a euro was worth 9 Yuan. Based on this information, which statement could be true?

Demand for the euro increased between 2008 and 2011, while demand for the Yuan decreased.

Demand for the Yuan increased between 2008 and 2011 as demand for the euro decreased.

There were fewer euros in circulation in 2011 than there were in 2008.

The European economy grew more than the Chinese economy in 2011.

+5

Answers (1)

Know the Answer?

Wilson Noble · Answer 1

Based on the information you've provided us with, it's safe to assume that the demand for the Yuan increased between 2008 and 2011 as demand for the euro decreased. Due to this, one Euro was worth less in 2011 than it was in 2008.