Under a flexible exchange rate system, an increase in the value of the U.S. dollarin tems of other currencies is referred to as Answer 1. a depreciation of the U.S. dollar. 2. an appreciation of the U.S. dollar. 3. a monetizing of the U.S. dollar. 4. a devaluation of the U.S. dollar.
Under a flexible exchange rate system, an increase in the value of the U.S. dollarin tems of other currencies is referred to as Answer 1. a depreciation of the U.S. dollar. 2. an appreciation of the U.S. dollar. 3. a monetizing of the U.S. dollar. 4. a devaluation of the U.S. dollar.
Chapter1: Multinational Financial Management: An Overview
Section: Chapter Questions
Problem 6QA
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Transcribed Image Text:Under a flexible exchange rate system, an increase in the value of the U.S. dollarin tems of other currencies is referred to as
Answer
1. a depreciation of the U.S. dollar.
2. an appreciation of the U.S. dollar.
3. a monetizing of the U.S. dollar.
4. a devaluation of the U.S. dollar.
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