Under a Flexible Exchange Rate System, an Increase in the Value

question 136

Multiple Choice

Under a flexible exchange rate system, an increase in the value of a domestic currency in terms of other currencies is referred to as

• A) an appreciation.
• B) a depreciation.
• C) a devaluation.
• D) a revaluation.

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Definitions:

Relative

A person connected to another by blood or marriage, or an entity regarded in relation to its connections with others within a system.

Orphaned Children

Children who have lost both parents through death or, in some definitions, have been abandoned by their parents.

Parental Attention

The degree of care, awareness, and responsiveness a parent shows towards their child's needs and activities.

Infantile Amnesia

The inability of adults to recall autobiographical memories from early childhood, typically before the age of 3 or 4 years.