Devaluation Can Result from Government Action or an Economic Crisis

question 52

Multiple Choice

Devaluation can result from government action or an economic crisis.In August 1998, the Russian economy imploded.As a result all of the following listed events happened except:

• A)the ruble plunged in value.
• B)the government defaulted on on its foreign debt obligation.
• C)many Russians faced wage cuts and layoffs.
• D)Russia's economy did not recover from the impact.
• E)savings were wiped out as banks collapsed.

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Definitions:

Irregular Number Words

Terms that do not follow the standard pattern or sequence in the linguistic expression of numbers.

Preschool Participation

Involvement of children, typically aged 3 to 5 years, in early childhood education programs that prepare them for formal schooling.

Head Start Preschools

A US-based program aimed at delivering all-encompassing services in early childhood education, healthcare, nutritional advice, and promoting parental involvement, all geared towards low-income families and their children.

English Proficiency

The ability to speak, write, and understand English at a level that is sufficient for effective communication in an English-speaking context.