If the nominal exchange rate were to be expressed as the number of units of domestic currency per unit of foreign currency, and that rate decreases, then the domestic currency has:
A. become overvalued.
B. become undervalued.
C. appreciated.
D. depreciated.
Answer: C
Economics
You might also like to view...
Refer to the table below. Martha's opportunity cost of making a cake is: Time to Make a PieTime to Make a CakeMartha60 minutes80 minutesJulia50 minutes60 minutes
A. 60 pies. B. 3/4 of a pie. C. 6 pies. D. 4/3 of a pie.
Economics
How do taxes, pollution charges, and cap-and-trade work to reduce emissions?
What will be an ideal response?
Economics
Do you believe that class size reductions will help student performance?
What will be an ideal response?
Economics
If Juan purchases the same number of gallons of gasoline per week regardless of changes in gasoline price, Juan's demand for gasoline is:
A. perfectly elastic. B. elastic. C. perfectly inelastic. D. inelastic.
Economics