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is it possible for a currency to appreciate relative to one currency, deppreciate relative to other 1)No, a currency rises or fallsagainst all currencies. 2) no, this could happen only under the

is it possible for a currency to appreciate relative to one currency, deppreciate relative to other

1)No, a currency rises or fallsagainst all currencies.

2) no, this could happen only under the gold standard.

3) yes, but only if all governemnts agree on the new rates.

4) yes, this is possible in a world of floting rates.

Jul 12 2021 View more View Less

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