When Country A’s currency becomes less valuable relative to Country B’s currency, we say that Country A’s currency has __________ relative to Country B’s currency. a) depreciated b) stagnated c) shifted d) appreciated

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter21: International Finance
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When Country A’s currency becomes less valuable relative to Country B’s currency, we say that Country A’s currency has __________ relative to Country B’s currency.

a) depreciated
b) stagnated
c) shifted
d) appreciated
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