Which one of these statements is correct assuming exchange, Ask an Expert

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Which one of these statements is correct assuming exchange rates are quoted as units of foreign currency per dollar?

The exchange rate rises when the U.S. inflation rate is higher than that of the foreign country.

When a foreign currency appreciates in value it strengthens relative to the dollar.

The exchange rate falls as the dollar strengthens.

The exchange rate moves opposite to the value of the dollar.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92054724

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