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Question : Which of the following factors can cause a currency appreciation?

Option 1: Increase in imports
  

Option 2: Decrease in interest rates
    

Option 3: Political instability

 

Option 4: Trade deficit


Team Careers360 1st Jan, 2024
Answer (1)
Team Careers360 17th Jan, 2024

Correct Answer: Decrease in interest rates
    


Solution : The correct answer is b) Decrease in interest rates

A decrease in interest rates can cause a currency appreciation. When a country's central bank lowers interest rates, it can attract foreign investors seeking higher returns on their investments. As a result, there is an increased demand for the country's currency to invest in assets denominated in that currency. This increased demand for the currency can lead to an appreciation in its value relative to other currencies.

It's important to note that currency movements are influenced by various factors, including economic indicators, market sentiment, geopolitical events, and monetary policies. The relationship between these factors and currency movements can be complex and can vary depending on specific circumstances and market conditions.

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