An Increase in a Fixed Exchange Rate from $2

question 76

Multiple Choice

An increase in a fixed exchange rate from $2.00 per pound to $2.10 per pound is called a(n) ________ of the pound.

• A)devaluation
• B)depreciation
• C)appreciation
• D)revaluation

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An advantage or profit gained from something, often used in the context of employment, services, or products.

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