The currency value of Agraria is set by government decree.Which of the following happens when the government alters the exchange rate so that its currency can buy more units of foreign currency?
A) Reflation
B) Devaluation
C) Appreciation
D) Revaluation
Correct Answer:
Verified
Q58: The exchange rate
A)is the ratio of two
Q59: If the dollar appreciates, it can be
Q60: On May 12, 2011, it cost U.S.$1.44
Q61: If a currency increases in value as
Q62: If a currency decreases in value as
Q64: Exchange rates determined by the forces of
Q65: Americans needing foreign currencies get those currencies
Q66: The rate at which one currency is
Q67: If a currency increases in value in
Q68: Why does anyone demand foreign currency?
A)International trade
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents