If the Exchange Rate (Dollars Per Unit of Foreign Currency)has

question 93

Multiple Choice

If the exchange rate (dollars per unit of foreign currency) has increased,we say there has been a(n)

• A) appreciation of the foreign currency
• B) depreciation of the foreign currency
• C) revaluation of the foreign currency
• D) devaluation of the foreign currency
• E) fixing of the foreign currency

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Definitions:

Numerical Indexes

Measures or indicators that are expressed as numbers, often used to compare and analyze data.

Mean

The arithmetic average of a set of values, calculated by summing the values and then dividing by the number of values.

Distribution

In statistics, the way in which values of a variable are spread or dispersed across a set of data.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values from the mean.