Under a flexible exchange rate system,an increase in the value of a currency relative to other currencies is a called a(n)____________ and,under a fixed exchange rate system,an increase in the official value of a currency is called a(n)___________.

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Under a flexible exchange rate system, an increase in the value of a currency is called an appreciation. Under a fixed exchange rate system, an increase in the official value of a currency is called a revaluation.

Under a Flexible Exchange Rate System,an Increase in the Value