Lowering a fixed exchange rate by a government is called a(n) __________ of that rate
A) devaluation
B) revaluation
C) appreciation
D) depreciation
A
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What impact do private insurance companies and Medicare have on national medical costs?
A) Medical costs go up because insurance leads to an increase in the quantity demanded of medical services. B) Medical costs go up because insurance will lead to the reduction in the supply of medical services due to the amount of paperwork required. C) Medical cost are unaffected by insurance companies. D) Medical costs go down because the insurance company pays the bill.
Which is an illustration of a microeconomic question?
A. Is the economy experiencing a declining rate of inflation? B. Will a new type of television set increase the number of buyers? C. Is the production of goods and services in the economy greater this year than last year? D. What is the current national rate of unemployment?
Which of the following establishes international cooperation to prevent international trade from endangering the survival of species?
A. The CITES B. The Kyoto Protocol C. The Montreal Protocol D. The Uruguay Round
The Federal backing for money in the United States comes from:
A. Providing sufficient quantities of precious metals such as gold and silver to cover the amount of paper money in circulation B. Pledging physical assets, such as land, natural resources, and public buildings as collateral for outstanding currency C. Controlling the money supply in order to keep the value of money relatively stable over time D. Protecting checkable deposits at financial institutions with deposit guarantees