How are changes in one currency mirrored in changes in some other foreign currency?
What will be an ideal response?
Currencies are linked because an appreciation in the value of one currency means that there has been a depreciation in the value of another currency. Conversely, if there is a depreciation in the value of one currency, then there has been an appreciation in the value of another currency. So if one currency rises in value, the other currency must fall in value and vice versa.
Economics
You might also like to view...
How do we derive the short-run market supply curve in perfect competition?
What will be an ideal response?
Economics
The price of good X is $5 and the price of good Y is $15. If the marginal utility of good X is 20 then the marginal utility of good Y must be ________ to have an optimum combination of goods purchased
A) 4 B) 20 C) 60 D) 80
Economics