Exchange rates are equalized in different locations due to:

Exchange rates are equalized in different locations due to __. A: arbitrage. B: government intervention in foreign exchange markets. C: free trade in goods and services. D: the actions of importers and exporters.

Which of the following best describes an appreciated currency? A: It takes less of another currency to buy that currency B: The depreciated currency can buy more domestic goods and services C: The value of two currencies has equalized D: It takes more of another currency to buy that currency