Choose the correct statements. 1. The foreign exchange market is the market in which the currency of one country is exchanged for the currency another. 2. In a growing economy, the exchange rate is always rising. 3. A fall in the exchange rate is called a devaluation of the dollar. 4. A rise in the exchange rate is called an appreciation of the dollar. O A. Statements 1 and 4 are correct. OB. Statements 1 and 3 are correct. OC. Statements 2 and 3 are correct. OD. Statements 2 and 4 are correct. www