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;
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;
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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