E1 The higher the value of e​, the ______________(More or less) units of foreign currency a dollar buys. When a nominal exchange rate goes​ up, we say the domestic currency is _________(appreciating or depreciating) against the foreign currency. When a nominal exchange rate goes​ down, we say that the domestic currency is _________(depreciating or appreciating) against the foreign currency.

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 E1

The higher the value of e​, the ______________(More or less) units of foreign currency a dollar buys.

When a nominal exchange rate goes​ up, we say the domestic currency is _________(appreciating or depreciating) against the foreign currency.

When a nominal exchange rate goes​ down, we say that the domestic currency is _________(depreciating or appreciating) against the foreign currency.

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