Which of the following are correct regarding exchange rates? (mark 2 correct items) Group of answer choices It's always good for a country's economy to have its currency appreciated; Currency appreciation makes imported goods more expensive; A currency appreciation of the USD versus the Indian Rupee (IND) means the USD currency becomes "weaker ,"i.e. each unit of USD can now buy fewer units of INR; A currency appreciation of the USD versus the Indian Rupee ( IND) means the USD currency becomes "stronger," i.e. each unit of USD can now buy more units of INR; Currency appreciation makes imported goods cheaper;

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Which of the following are correct regarding exchange rates? (mark 2 correct items) Group of answer choices It's always
good for a country's economy to have its currency appreciated; Currency appreciation makes imported goods more
expensive; A currency appreciation of the USD versus the Indian Rupee (IND) means the USD currency becomes "weaker
," i.e. each unit of USD can now buy fewer units of INR; A currency appreciation of the USD versus the Indian Rupee (
IND) means the USD currency becomes "stronger," i.e. each unit of USD can now buy more units of INR; Currency
appreciation makes imported goods cheaper;
Transcribed Image Text:Which of the following are correct regarding exchange rates? (mark 2 correct items) Group of answer choices It's always good for a country's economy to have its currency appreciated; Currency appreciation makes imported goods more expensive; A currency appreciation of the USD versus the Indian Rupee (IND) means the USD currency becomes "weaker ," i.e. each unit of USD can now buy fewer units of INR; A currency appreciation of the USD versus the Indian Rupee ( IND) means the USD currency becomes "stronger," i.e. each unit of USD can now buy more units of INR; Currency appreciation makes imported goods cheaper;
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