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There Is a Devaluation of Country A's Money Relative to Country

Question 24

Multiple Choice

There is a devaluation of Country A's money relative to Country B's money when the amount of gold backing one unit of Country A's money goes from:


A) 1/50 of an ounce to 1/40 of an ounce, and the amount of gold backing one unit of Country B's money remains unchanged.
B) 1/50 of an ounce to 1/60 of an ounce, and the amount of gold backing one unit of Country B's money remains unchanged.
C) 1/50 of an ounce to 1/25 of an ounce, and the amount of gold backing one unit of Country B's money goes from 1/30 of an ounce to 1/60 of an ounce.
D) none of the above.

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