In the 1990s, inflation in many Latin American countries fell to about 10 to 15 percent per year from annual rates of up to 1,000 percent a year in the 1980s.You would expect that as this occurred, the value of many Latin American currencies would:

Question

Quizplus · Accepted Answer

As inflation rates decreased, the value of Latin American currencies would have fallen less rapidly because lower inflation typically stabilizes and strengthens a currency.

In the 1990s, Inflation in Many Latin American Countries Fell