Which of the Following Statements Is True

Multiple Choice

Which of the following statements is true?

A) Conceptually, an FX rate will appreciate in value relative to other currencies when demand is low.
B) Conceptually, an FX rate will appreciate in value relative to other currencies when supply is high.
C) Conceptually, an FX rate will depreciate in value relative to other currencies when demand is low.
D) Conceptually, an FX rate will appreciate in value relative to other currencies when supply is low.