Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Define currency appreciation
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Step 1
Answer:
The meaning of currency appreciation is nothing but an rise of one currency’s value comparative to another currency. For a number of factors contributes for a rise in currencies, including policies of government, market cycles and balance of trades.
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