Asked by Manuel De Sousa on Jul 06, 2024
Verified
If the U.S. dollar depreciates relative to the Russian ruble, the ruble
A) will be less expensive to Americans.
B) may either appreciate or depreciate relative to the dollar.
C) will appreciate relative to the dollar.
D) will depreciate relative to the dollar.
Depreciates
The loss of value of an asset over time due to factors such as wear and tear, age, or technological advancements.
Russian Ruble
The national currency of Russia, utilized as the medium of exchange within the country.
Appreciate
To increase in value or price over a period of time.
- Acquire knowledge on how a nation's economy is influenced by the appreciation and depreciation of its currency.
- Examine the reasons and consequences of fluctuations in currency exchange rates through different periods.
Verified Answer
DM
dirga maulanaJul 08, 2024
Final Answer :
C
Explanation :
If the U.S. dollar depreciates relative to the Russian ruble, it means that the value of the Russian ruble has increased compared to the U.S. dollar. Therefore, the ruble will appreciate relative to the dollar.
Learning Objectives
- Acquire knowledge on how a nation's economy is influenced by the appreciation and depreciation of its currency.
- Examine the reasons and consequences of fluctuations in currency exchange rates through different periods.