Brazil recently reduced its currency value in terms of other currencies, making investing in the country less costly than in other countries. This action is known as ______.
A) exchange rate
B) balance of payments
C) trade deficit
D) devaluation

Question

Quizplus · Accepted Answer

Brazil reduced its currency value, which means it devalued its currency, making investments in the country less expensive. Therefore, the correct option is D - "devaluation." Options A, B, and C are not correct because they do not specifically refer to the action taken by Brazil to reduce its currency value.

Brazil Recently Reduced Its Currency Value in Terms of Other