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Chako Chako
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Posts: 2948
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8 years ago
Which one of the following statements is the MOST accurate?
A) Appreciation is a rise in E when the exchange rate floats while revaluation is a rise in E when the exchange rate is fixed.
B) Appreciation is a fall in E when the exchange rate is fixed while revaluation is a fall in E when the exchange rate is flexible.
C) Appreciation is a rise in E when the exchange rate floats while revaluation is a fall in E when the exchange rate is fixed.
D) Appreciation is a fall in E when the exchange rate floats while revaluation is a fall in E when the exchange rate is fixed.
E) Appreciation is a fall in E when the exchange rate floats while revaluation is a rise in E when the exchange rate is fixed.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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machukianmachukian
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#1
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8 years ago
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Chako Author
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#2
8 years ago
Good answer, thank you
wrote...
#3
8 years ago
Thanks for the feedback, I'm sure others will appreciate it too
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