Under a flexible exchange rate system,an increase in the value of a Canadian dollar in terms of other currencies is referred as

Question

Quizplus · Accepted Answer

An increase in the value of a currency in terms of other currencies is referred to as an appreciation of the currency. Therefore, the correct answer is B, an appreciation of the Canadian dollar. A depreciation would be a decrease in value, while monetizing and devaluation have different meanings and do not apply in this context.

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