Nations with Soft, Inconvertible Currencies Often Import More Than They

question 12

True/False

Nations with soft, inconvertible currencies often import more than they export and in so doing build up hard currency debts

---

Definitions:

Isostatic Rebound

The rise of land masses that were depressed by the weight of ice sheets during glaciation, occurring as the ice melts and the land slowly returns to its original elevation.

Metamorphic Rocks

Rocks that have been transformed by heat, pressure, or chemically active fluids, altering their original composition or structure.

Plutonic Rocks

Intrusive igneous rocks that crystallize deep underground from magma, such as granite and diorite.

Continental Crust

The relatively thick part of the Earth's crust that forms the large landmasses. It is generally older, less dense, and composed mainly of granite.