Depreciation of the Malaysian ringgit occurs when the exchange rate changes from:
(i) 4.19 Malaysian ringgit per U.S. dollar to 4.09 Malaysian ringgit per U.S. dollar.
(ii) 4.19 Malaysian ringgit per U.S. dollar to 4.29 Malaysian ringgit per U.S. dollar.
(iii) 0.24 U.S. dollar per Malaysian ringgit to 0.25 U.S. dollar per Malaysian ringgit.
(iv) 0.24 U.S. dollar per Malaysian ringgit to 0.23 U.S. dollar per Malaysian ringgit.
A) (i) and (iv)
B) (ii) and (iv)
C) (i) and (iii)
D) (ii) and (iii)
Correct Answer:
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