Under a Flexible Exchange Rate System, __________ Is When a Currency

question 38

Multiple Choice

Under a flexible exchange rate system, __________ is when a currency has increased in value relative to another currency.

• A)depreciation
• B)appreciation
• C)capital inflow
• D)devaluation

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Definitions:

Large States

Political entities that cover a significant geographical area, often characterized by a large population, economic power, and considerable influence.

Macro Level

Refers to a wide-scale approach or perspective, often considering entire systems or societies rather than individual components or behaviors.

World Power

A nation or state that holds significant global influence, either economically, militarily, or politically.

Xenophobia

The fear or hatred of strangers or foreigners, often manifesting in discriminatory attitudes and behaviors.