Question $7$

$1\mathrm{.}33$ pts

Assume you have a quotation between currencies $C_1$ and $C_2.$ This quote is direct from the perspective of the country that issued currency $C_1.$ Which of the statements below can best describe this quote and resulting exchange rate given that currency $C_2$ is appreciating?

Select one $-$ the most appropriate answer.

No correct answer.

Numerical value of this exchange rate may be either decreasing of decreasing depending on whether currency C $1$ is appreciating or depreciating.

Numerical value of this exchange rate is increasing.

Numerical value of this exchange rate is decreasing.