A currency that has increased in foreign exchange value relative to a floating rate currency has ________.

Question

Quizplus · Accepted Answer

When a currency increases in foreign exchange value, it has appreciated. This means that it is worth more in comparison to other currencies. Revalued is also correct but less commonly used. Choice B, violating international trade agreements, is not necessarily true and is not related to an increase in currency value. Deteriorated, on the other hand, would be used if the currency has decreased in value.

A Currency That Has Increased in Foreign Exchange Value Relative