_ means a decline in the rate of exchange of one country in terms of another’s.

Related MCQs

• When supply of foreign exchange is increased given the demand for foreign exchange, the rate of exchange _.
• Flexible exchange rate system, the exchange rate is determined by _     
• When demand for foreign exchange increases, the exchange rate _.
•     _ rate variations can affect the equilibrium exchange rate.
• Interest rate differentials the exchange rate.
• Demand for foreign exchange varies _ with the exchange rates.
• A decline in price would increase exports if demand is__     
• A _ country requires more foreign exchange.
• Services rendered by the domestic country to foreign counter parts increase the _ of foreign exchange.
• According to _ theory, the exchange rate between two currencies is determined by their purchasing power.