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.

---

Definitions:

Insect And Fish Dyes

Natural dyes derived from insects, such as cochineal for red color, or fish, used historically for textile dyeing and in art materials.

Printmakers

Artists specialized in creating artworks through the process of printmaking, including techniques like etching, engraving, lithography, and screen printing.

Ando Hiroshige

A prominent Japanese ukiyo-e artist of the Edo period known for his landscapes, especially the series "The Fifty-three Stations of the Tokaido."

Katsushika Hokusai

A renowned Japanese artist and printmaker of the Edo period, best known for his woodblock print series "Thirty-Six Views of Mount Fuji."