Which one of the following statements is correct assuming that exchange rates are quoted as units of foreign currency per dollar?

Question

Quizplus · Accepted Answer

C) When a foreign currency appreciates in value, it means that it takes more dollars to buy the same amount of foreign currency, indicating that the foreign currency has strengthened relative to the dollar. This is a direct relationship where the appreciation of a foreign currency means it is getting stronger compared to the dollar.

Which One of the Following Statements Is Correct Assuming That