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If the Number of Units of a Foreign Currency That

Question 2

Multiple Choice

If the number of units of a foreign currency that can be obtained for one dollar (the price of a dollar in that currency or indirect quotation) rises, the dollar is said to ________ relative to the currency, and the currency is said to ________. Thus, appreciation means a decline in the ________ quotation.


A) appreciate; depreciate; direct
B) depreciate; appreciate; indirect.
C) appreciate; depreciate; direct,
D) depreciate; appreciate; indirect.,

Correct Answer:

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