A country undertakes a revaluation in order to:
A. increase its net exports.
B. decrease its net exports.
C. lower the value at which its currency is pegged.
D. move to a flexible exchange rate system.
Answer: B
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In the above figure, a price floor of $4
A) leads to a shortage. B) leads to a surplus. C) has no effect. D) shifts the demand curve leftward.
Which of the following is NOT true regarding monopoly?
A) Monopoly is the sole producer in the market. B) Monopoly price is determined from the demand curve. C) Monopolist can charge as high a price as it likes. D) Monopoly demand curve is downward sloping.
The national debt is
A. The accumulation of all annual deficit and surplus flows. B. A fairly risky asset that pays interest. C. The amount by which government spending exceeds tax revenues for a given year. D. The amount by which tax revenues exceed government spending for a given year.
What is a multilateral exchange rate?
a. It is an exchange rate that is measured by using a number of different techniques. b. It is an exchange rate that calculates the overall movement of the rate against more than just one other currency. c. It is an exchange rate that is measured once every 10 years. d. It is a rate that is set by the IMF for many different nations.