Is It Possible for a Currency to Appreciate Relative to Another

question 67

Multiple Choice

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

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

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Definitions:

Artifacts

Tangible elements within an organization's culture, such as symbols, physical structures, language, and rituals, that collectively manifest its values and norms.

Values

The fundamental beliefs and principles that guide individual and organizational behavior and decision-making.

Deepest Element

The most fundamental, underlying component in a theoretical or conceptual framework.

Organizational Culture

Embodies the values, beliefs, behaviors, and norms that shape the social and psychological environment of a business organization.