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

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


Definitions:

El Niño-Southern Oscillation

A climate phenomenon characterized by the periodic warming of sea surface temperatures in the central and eastern Pacific Ocean, affecting weather patterns globally.

Prevailing Easterly Winds

Winds that typically blow from the east, common in tropical regions close to the equator due to the Earth's rotation and atmospheric conditions.

Upwellings

The rising of deep, cold, and nutrient-rich water to the surface, fostering significant biological productivity.

Thunderhead

A large, towering cumulonimbus cloud associated with thunderstorms and severe weather conditions.

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