A devaluation of a currency means that the exchange rate (price of that currency) has changed to a lower fixed rate

a. True
b. False


A

Economics

You might also like to view...

The way in which growth occurs affects the pattern of trade of a country

Indicate whether the statement is true or false

Economics

With full information any contract will lead to production efficiency

Indicate whether the statement is true or false

Economics

A positive (non-zero) price for a good means there is a surplus of that good

a. True b. False Indicate whether the statement is true or false

Economics

The rate of inflation in Vroomka, a small island country, was 12.3 percent last year. The value of the GDP deflator of the country last year was _____

a. 100.23 b. 123.00 c. 112.30 d. 87.70

Economics