A Currency Appreciation Is A(n)

A currency appreciation is a(n)

A) increase in the value of a currency relative to other currencies.
B) decrease in the value of a currency relative to other currencies.
C) reduction in the official value of a currency in a fixed-exchange-rate system.
D) increase in the official value of a currency in a fixed-exchange-rate system.
E) exchange rate officially fixed at a value exceeding its fundamental valuE.