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Complete the currency rules

Exercise and reference answers

Missing parts
  1. Answer
    appreciate
    Choices
    1. appreciate
    2. depreciate
    3. evaporate
  2. Answer
    floating
    Choices
    1. floating
    2. pegged
    3. fixed
  3. Answer
    arbitrage
    Choices
    1. arbitrage
    2. arbitration
    3. amortisation
Complete the statement
A strengthening currency is said to {0}, a market-set rate is called {1}, and profiting from cross-border price gaps is {2}.
Instructions
Tap a word for each blank to complete the sentence.

Explanation

_Source: OpenStax Principles of Macroeconomics for AP Courses 2e (CC BY 4.0), Ch 15 'Exchange Rates and International Capital Flows'_
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