According to the Terminology Associated with Changes in Currency Values

question 4

Multiple Choice

According to the terminology associated with changes in currency values, which of the following choices is the case when a currency's value relative to other currencies is changed by a government?

• A) depreciation and revaluation
• B) devaluation and appreciation
• C) devaluation and revaluation
• D) depreciation and appreciation

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Definitions:

Nation-states

Political entities consisting of a sovereign state whose citizens or subjects are relatively homogeneous in factors such as language or common descent.

Autonomous

The quality of having independence or self-governance, capable of making decisions or operating independently from external control.

McDonaldization

Refers to the application of the rationalization principles of the fast-food industry to other sectors of society.

Rationalization

Is the application of the most efficient means to achieve given goals and the unintended, negative consequences of doing so.