The Use of Foreign Money Instead of Domestic Money When

question 3

Multiple Choice

The use of foreign money instead of domestic money when the domestic economy has a high rate of inflation is called _____.

• A)currency depreciation
• B)currency substitution
• C)capital flight
• D)currency devaluation
• E)currency trade

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Definitions:

Suburbanization

The shift of large segments of population away from the urban core and toward the edges of cities.

Urban Core

The central, innermost part of a city, characterized by high population density, significant infrastructure, and the primary business district, often contrasted with suburban or rural areas.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, leading to significant technological, socioeconomic, and cultural changes worldwide.

Personal Freedom

The liberty of an individual to exercise certain rights, freedoms, and expressions without unwarranted interference or restriction.