Devaluation or Revaluation by Governments

question 40

Multiple Choice

Devaluation or revaluation by governments

• A)is viable only for short periods of time.
• B)does not occur.
• C)is used solely to alter exchange rates for long periods of time.
• D)enables flexible exchange rates.
• E)is more likely to work if the central bank does not change interest rates.

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Definitions:

Pay Ranges

The spectrum of compensation, from minimum to maximum, offered for specific roles or positions within an organization, often based on experience, skills, and market rates.

Broad Banding

A compensation strategy that consolidates numerous pay grades into fewer wide bands, offering flexibility in job roles and pay.

Labour Costs

The total expenses associated with employing labor, including wages, salaries, benefits, and other related costs.

Point Method

A systematic approach used in job evaluation to quantify the value of a job by assigning points based on various factors like skill, effort, and responsibility.