It Is Customary to Express Changes in the Exchange Rates

question 18

Multiple Choice

It is customary to express changes in the exchange rates of two currencies over time, as:

• A) the loss of purchasing power of one currency divided by the loss of purchasing power of the other currency.
• B) the percentage change expressed as an appreciation or depreciation of one against the other.
• C) a ratio of the absolute values (without signs).
• D) a ratio of the price of gold in each nation.

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