A foreign currency is strengthening; as a result, the indirect exchange rate will decrease.

Question

Quizplus · Accepted Answer

When a foreign currency strengthens, it means that it can buy more of another currency. In the context of an indirect exchange rate, which is expressed as the amount of foreign currency needed to buy one unit of the domestic currency, this rate will decrease because less foreign currency is needed to buy one unit of the domestic currency.

A Foreign Currency Is Strengthening; as a Result, the Indirect