An Increase in the Value of the Foreign Currency in Terms

question 31

Multiple Choice

An increase in the value of the foreign currency in terms of the domestic currency means that ________.

• A) the domestic currency has appreciated and the nominal exchange rate has fallen
• B) the domestic currency has depreciated and the nominal exchange rate has risen
• C) the foreign currency has appreciated and the nominal exchange rate has risen
• D) the foreign currency has appreciated and the nominal exchange rate has fallen

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