All the following statements are correct except:

(a) If Chinese imports increase, there will be appreciation

of the Chinese Yuan.

(b) An appreciation of the Canadian dollar relative to the

Yuan will make Canadian good less competitive

(c) If interest rates in the UK suddenly become higher than

in the US, there will be appreciation of the UK pound

(d) A depreciation of the Nigerian Naira willmake Nigerian

goods more competitive, if domestic and foreign prices

do not change.