An exchange rate shock is defined as:
A) a large and quick appreciation of a country's currency.
B) a large and slow appreciation of a country's currency.
C) a large and quick depreciation of a country's currency.
D) a large and slow depreciation of a country's currency.
E) a long period of exchange rate volatility.

Question

Quizplus · Accepted Answer

An exchange rate shock is defined as a large and quick depreciation of a country's currency.

An Exchange Rate Shock Is Defined As