Deflation Increases the Real Value of Money

question 62

True/False

Deflation increases the real value of money.

---

Definitions:

Correspondent Bank

A bank that provides services on behalf of another, typically foreign, bank, including currency exchange and handling international transactions.

European Community

A group of European countries that participated in an economic and political union to promote integration and cooperation.

Common Market

An economic union of countries that allows for the free movement of goods, services, capital, and labor across member states.

Multinational Enterprise

A multinational enterprise is a company that has operations and investments beyond its home country, conducting business in multiple countries around the world.