The rise in value of one currency relative to another is ?
Correct answer: C. An appreciation of a currency
- A. a weakening of a currency
- B. A depreciation of a currency
- C. An appreciation of a currency
- D. a debasement of a currency
Explanation
An appreciation is an increase in the value of a currency relative to another currency under a floating-rate system. Depreciation means the currency's value falls.
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