A Depreciation of One's Currency Means That

question 33

Multiple Choice

A depreciation of one's currency means that

• A) the country's exports will become more expensive.
• B) the country's imports will become more expensive.
• C) the country's imports will become less expensive.
• D) it now requires less of this currency in exchange for one unit of another currency.
• E) it now requires more units of other currencies in exchange for one unit of this currency.

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Definitions:

Prospecting Letter

A letter sent by a salesperson or business to potential clients or customers to introduce their products or services and generate new business.

Research

The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.

Industry

A sector of the economy that involves the manufacturing and production of goods or services.

Advertised Job Opening

A vacancy that is publicly shared through various media channels to attract potential candidates.