A decrease in the value of a currency relative to other currencies is called a(n):
A. depreciation.
B. devaluation.
C. appreciation.
D. revaluation.
Answer: A
You might also like to view...
A speculator who incorrectly anticipates a major decline in next year's harvest of some agricultural commodity
A) profits at the expense of consumers. B) profits at the expense of producers. C) sustains losses and increase price variation from this year to next. D) sustains losses but reduce price variation from this year to next.
If the expected rate of return decreases
A. The demand for loanable funds will increase. B. The demand for loanable funds will decrease. C. The time value of money will increase. D. Market participants will save less money.
"Supply creates its own demand" is known as
A. the Ricardian dilemma. B. the circular flow. C. Say's law. D. Smith's law.
A bank's off-balance-sheet activities usually:
A. increase its net income but do not change its assets or liabilities. B. increases a bank's assets but not its liabilities. C. increases a bank's liabilities but not its assets. D. increase both its assets and liabilities while reducing net income.