Under a Fixed Exchange Rate System, a Fall in the Market

question 14

Multiple Choice

Under a fixed exchange rate system, a fall in the market price (the exchange rate value) of a currency is called a(n) _____ of that currency.

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

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Definitions:

Meeting

A gathering of people for the purpose of discussing and acting upon business or other shared interests.

Minutes

A report of what happened and what was discussed and decided at a meeting.

Itinerary

A detailed travel plan listing dates and times for specific transportation arrangements and events, the location of meetings and lodgings, and phone numbers.

Blood Pressure

The force exerted by circulating blood upon the walls of blood vessels, a critical measurement for diagnosing and monitoring health conditions.