If a Government Runs a Fixed Exchange Rate System and Increases

question 142

Multiple Choice

If a government runs a fixed exchange rate system and increases the dollar price of its currency,we say there has been a(n)

• A) appreciation of the foreign currency
• B) depreciation of the foreign currency
• C) revaluation of the foreign currency
• D) devaluation of the foreign currency
• E) fixing of the foreign currency

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