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An increase in the value of the currency with respect to one or more foreign reference currencies is known as ____.
  • a)
    currency appreciation
  • b)
    currency depreciation
  • c)
    currency evaluation
  • d)
    currency devaluation
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
An increase in the value of the currency with respect to one or more ...
Currency appreciation is an increase in the value of the currency with respect to one or more foreign reference currencies. Currencies appreciate against each other for a variety of reasons, including government policy, interest rates, trade balances and business cycles. Hence, the correct option is (a).
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An increase in the value of the currency with respect to one or more ...
A
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An increase in the value of the currency with respect to one or more foreign reference currencies is known as ____.a)currency appreciationb)currency depreciationc)currency evaluationd)currency devaluationCorrect answer is option 'A'. Can you explain this answer?
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