An Appreciation of a Country's Currency

question 61

Multiple Choice

An appreciation of a country's currency

• A) decreases the relative price of its exports and lowers the relative price of its imports.
• B) raises the relative price of its exports and raises the relative price of its imports.
• C) lowers the relative price of its exports and raises the relative price of its imports.
• D) raises the relative price of its exports and lowers the relative price of its imports.