Explain why a high currency substitution would cause the U S dollar exchange rate to depreciate more than the expected level when the Fed increases money supply in the U S ...

Increasing money supply would itself cause a depreciatio ...

Explain why a high currency substitution would cause the U.S. dollar exchange rate to depreciate more than

Question:

Explain why a high currency substitution would cause the U.S. dollar to depreciate more than the expected level when the Fed increases money supply in the U.S.
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...