In September 2010, the finance minister of ________ declared that the world was "in the midst of an international currency war" because of rapid appreciation in the value of the country's currency, the ________.
A) England; pound sterling
B) Germany; euro
C) Japan; yen
D) China; renminbi
E) Brazil; Real

Question

Quizplus · Accepted Answer

In September 2010, the finance minister of Brazil declared that the world was "in the midst of an international currency war," referring to the rapid appreciation of Brazil's currency, the Real, against the dollar and other major currencies. This was a period marked by significant international debate over currency valuations and monetary policy, with countries like Brazil feeling the impact of what they perceived as aggressive monetary easing in developed economies.

In September 2010, the Finance Minister of ________ Declared That