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pgakui pgakui
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3 months ago
An increase in the value of the foreign currency in terms of the domestic currency means that ________.

▸ the foreign currency has appreciated and the nominal exchange rate has risen

▸ the domestic currency has appreciated and the nominal exchange rate has fallen

▸ the domestic currency has depreciated and the nominal exchange rate has risen

▸ the foreign currency has appreciated and the nominal exchange rate has fallen
Textbook 

Macroeconomics


Edition: 3rd
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JaynieJaynie
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3 months ago
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the foreign currency has appreciated and the nominal exchange rate has fallen

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pgakui Author
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3 months ago
This calls for a celebration Person Raising Both Hands in Celebration
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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this is exactly what I needed
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