Which one of the following statements is correct assuming that exchange rates are quoted as units of foreign currency per dollar?

Question

Quizplus · Accepted Answer

C) When a foreign currency appreciates in value, it means that it takes more of the domestic currency (in this case, dollars) to buy the same amount of the foreign currency. This is a direct way of saying that the foreign currency has strengthened relative to the dollar.

Which One of the Following Statements Is Correct Assuming That