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In the context of currency fluctuations, what does the term appreciation refer to? Question 16 Answer a. Increase in the value of a currency relative

In the context of currency fluctuations, what does the term "appreciation" refer to? Question 16 Answer a. Increase in the value of a currency relative to other currencies b. Decrease in the value of a currency relative to other currencies c. Stability of a currency's value d. Complete detachment of a currency from the foreign exchange market

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