An appreciation of a nation's currency is
A. a situation in which exchange rates are allowed to fluctuate in the open market in response to changes in supply and demand.
B. the decrease in the exchange value of one nation's currency in terms of another nation.
C. a nation in which households, firms, and governments buy and sell national currencies.
D. the increase in the exchange value of one nation's currency in terms of an other nation.
Answer: D
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