Foreign exchange and exchange rate examination questions

Analysis of test questions: RMB appreciation means that 100 unit of foreign currency convertible RMB is less than before. The foreign exchange rate fell and the RMB exchange rate rose. Therefore, there are 24 errors. Choose item c in this question.

Comments: the relationship between exchange rate and currency value can be summarized as the rise of foreign exchange rate, the appreciation of foreign currency and the depreciation of local currency; Foreign exchange rate falls, foreign currency depreciates, and local currency appreciates. Which currency's exchange rate rises means that this currency appreciates; Which currency's exchange rate falls means that this currency depreciates. This is the formula for doing this kind of problems well, reminding students to remember.

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