A depreciation of a nation's currency is
A) a situation in which exchange rates are allowed to fluctuate in the open market in response to changes in supply and demand.
B) the increase in the exchange value of one nation's currency in terms of an other nation.
C) a nation in which households, firms, and governments buy and sell national currencies.
D) the decrease in the exchange value of one nation's currency in terms of another nation.
Answer: D
You might also like to view...
Evidence shows that flexible exchange rates have created a destabilizing speculation in the foreign exchange market
Indicate whether the statement is true or false
Which type of resource will improve through more education and training by workers?
A) money B) physical capital C) natural resources D) human capital
The criterion introduced by the Supreme Court in 1911 to determine whether a particular action was illegal or legal within the terms of the Sherman Act is called the
A. Interstate Commerce Rule. B. Rule of Reason. C. Clayton Act Rule. D. Federal Trade Commission Rule.
Autonomous expenditure times the multiplier equals
A) autonomous consumption. B) equilibrium GDP. C) autonomous saving. D) planned autonomous investment.