A ____ in the value of a currency is called an appreciation of the currency; a ____ in the value of a currency is called a depreciation of the currency.
A) rise; rise
B) rise; fall
C) fall; fall
D) fall; rise
E) The answer cannot be determined from the information given.

Question

Quizplus · Accepted Answer

An appreciation of a currency refers to an increase in its value relative to other currencies, while a depreciation refers to a decrease in its value.

A ____ in the Value of a Currency Is Called