Which of the following statements is false? O A. A majority of the world's countries have fixed exchange rate systems. O B. An exchange rate can be given as units of domestic currency per unit of foreign currency. O C. Depreciation occurs when a currency becomes more valuable so that foreign currency costs less. O D. An exchange rate can be given as units of foreign currency per unit of domestic currency.

Which of the following statements is false? O A. A majority of the world's countries have fixed exchange rate systems. O B. An exchange rate can be given as units of domestic currency per unit of foreign currency. O C. Depreciation occurs when a currency becomes more valuable so that foreign currency costs less. O D. An exchange rate can be given as units of foreign currency per unit of domestic currency.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter29: International Finance

Section: Chapter Questions

Problem 8P

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