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    An Increase in a Fixed Exchange Rate from $2
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An Increase in a Fixed Exchange Rate from $2

Question 102

Question 102

Multiple Choice

An increase in a fixed exchange rate from $2.00 per pound to $2.10 per pound is called a ________ of the pound.


A) devaluation
B) depreciation
C) appreciation
D) revaluation

Correct Answer:

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