The currency value of Agraria is set by government decree. Which of the following happens when the government alters the exchange rate so that its currency can buy more units of foreign currency?
A. Reflation
B. Devaluation
C. Appreciation
D. Revaluation
Answer: D
Economics
You might also like to view...
What is the motivating force behind the free market?
a) competition b) the invisible hand c) self-interest d) Specialization
Economics
short-term economic downturn
What will be an ideal response?
Economics
If the present value of $110 to be received one year from now is $100, what will $100 be worth two years from now?
A. $100 B. $121 C. $110 D. can't say since we don't know what the interest rate is
Economics
An example of an opportunity cost is the time you forgo to eat a "free lunch."
a. True b. False Indicate whether the statement is true or false
Economics