Is It Possible for a Currency to Appreciate Relative to One

question 53

Multiple Choice

Is it possible for a currency to appreciate relative to one currency, and depreciate relative to another?

• A)No, a currency rises or falls against all currencies.
• B)No, this could happen only under the gold standard.
• C)Yes, but only if all governments agree on the new rates.
• D)Yes, this is possible in a world of floating rates.

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