Is It Possible for a Currency to Appreciate Relative to Another

question 17

Multiple Choice

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

• A)Yes, this could occur under a strict gold standard.
• B)Yes, this is possible in a world of floating exchange rates.
• C)Yes, in theory, but it does not happen in reality.
• D)No, this is not theoretically possible; a currency rises or falls against all others.

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