If the nominal exchange rate were to be expressed as the number of units of domestic currency per unit of foreign currency, and that rate decreases, then the domestic currency has:
A)appreciated.
B)depreciated.
C)become overvalued.
D)become undervalued.

Question

Quizplus · Accepted Answer

When it takes more of a foreign currency to buy each unit of the domestic currency, then the domestic currency has appreciated.

If the Nominal Exchange Rate Were to Be Expressed as the Number