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 relative to foreign currencies, it means the value of those foreign currencies has decreased in comparison to the dollar, making the dollar stronger and able to purchase more foreign currency than before.

When the Dollar Appreciates Relative to Foreign Currencies, It Means