When the dollar appreciates relative to foreign currencies, it means that:
A) We need more dollars to buy each unit of another currency
B) We can buy less foreign currency with a given amount of dollars
C) The value of foreign currencies decreased relative to our dollar
D) Foreigners need less of their currency to buy one dollar

Question

Quizplus · Accepted Answer

When the dollar appreciates, it means the value of the dollar has increased relative to foreign currencies, so foreign currencies are worth less in comparison.

When the Dollar Appreciates Relative to Foreign Currencies, It Means