An Increase in the Value of a Currency That Is

question 2

Multiple Choice

An increase in the value of a currency that is set under a fixed exchange rate regime is a(n) :

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

---

Definitions:

Intuitive-Type

A person who relies more on intuition and subjective impressions than on rational analysis and objective evidence.

Reason

The power of the mind to think, understand, and form judgments by a process of logic.

Dogmatism

The tendency to lay down principles as incontrovertibly true, without consideration of evidence or the opinions of others.

Authoritarianism

A leadership style marked by strict adherence to authority and control, often at the expense of individual freedom and creativity.