A currency has depreciated in value if it takes more of a foreign currency to buy it
Indicate whether the statement is true or false
False
You might also like to view...
Which of the following was the fastest-growing financial intermediary of the 1970s?
A) commercial banks B) credit unions C) finance companies D) money market mutual funds
During the past 40 years, U.S. exports as a percent of GDP and U.S. imports as a percent of GDP
A) both rose at the same pace. B) both fell at the same pace. C) both rose, but U.S. imports as a percent of GDP rose at a faster pace. D) both rose, but U.S. exports as a percent of GDP rose at a faster pace.
What happened to government expenditure levels in 2009?
a. They reached record lows for wartime. b. They reached record highs for peacetime. c. They created a recession. d. They ended a recession.
The theory of consumer behavior assumes that consumers attempt to maximize:
A. the difference between total and marginal utility. B. total utility. C. average utility. D. marginal utility.