Question: Interest rates in Brazil are rising relative to those in the United States. Which of the following correctly describes the change in values of the

Interest rates in Brazil are rising relative to those in the United States. Which of the following correctly describes the change in values of the Brazilian real and the U.S. dollar with respect to one another?

A) The U.S. dollar is depreciating while the Brazilian real is appreciating.

B)The U.S. dollar is appreciating while the Brazilian real is depreciating.

C) The U.S. dollar is appreciating while the Brazilian real is appreciating.

D)The U.S. dollar is depreciating while the Brazilian real is depreciating.

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