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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About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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