Under a Flexible Exchange Rate System an Increase in the Value

question 130

Multiple Choice

Under a flexible exchange rate system an increase in the value of a currency relative to other currencies is a called a _______ and under a fixed exchange rate system an increase in the official value of a currency is called a ________.

• A) depreciation; devaluation
• B) appreciation; revaluation
• C) revaluation; appreciation
• D) depreciation; appreciation

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Definitions:

Consequential Damages

Refers to secondary or indirect damages that result from a breach of contract, extending beyond the direct damage or loss incurred.

Unconscionable

Describes actions or terms that are so unfair or oppressive to one party that no reasonable or informed person would agree to them.

Limit by Agreement

"Limit by agreement" refers to contractual provisions where parties stipulate certain conditions or restrictions that limit their rights or obligations within the agreement.

Liquidated Damages

Pre-determined compensation agreed upon by parties in a contract for specific breaches, particularly delays.