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.

---

Definitions:

Running Order

A sequence or schedule of tasks, performances, or events arranged in the order they are to take place or be executed.

Patent Rights

Legal rights granted by a government to an inventor, giving the inventor exclusive rights to use, sell, or license an invention for a certain period of time in exchange for public disclosure of the invention.

Personal Property

Any non-real estate property, which can include movable objects, vehicles, furniture, and intellectual properties.

Inter Vivos

A legal term used to describe an action or a gift that takes place or is given during the lifetime of the giver.