When a Country Decreases the Official Value of Its Currency

question 49

Multiple Choice

When a country decreases the official value of its currency, for example, Russia changes the value of the ruble from $.16 to $.04, it is said to have ____ its currency.

• A)floated
• B)revalued
• C)devalued
• D)depreciated

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Definitions:

Retailer

A company that sells goods to consumers for their use, rather than for resale to others.

End-user Consumers

Individuals who are the final users of products or services, typically distinguished from intermediaries or resellers.

Subsector

A division of a larger sector or industry, often defined by specific characteristics or types of activities.

NAICS

The North American Industry Classification System, a standard used by federal statistical agencies to classify business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy.