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A Devaluation of a Currency Means That the Exchange Rate

question 58

True/False

A devaluation of a currency means that the exchange rate (price of that currency)has changed to a lower fixed rate.


Definitions:

Securities Exchange Commission

A U.S. government agency responsible for regulating the securities industry, enforcing federal securities laws, and ensuring investor protection.

National Labor Relations Act

The National Labor Relations Act (or Wagner Act) created the NLRB, which administers most labor law in the United States.

Norris-La Guardia Act

A 1932 U.S. federal law that prohibited employers from requiring employees to sign agreements not to join a labor union and also limited the issuing of court injunctions in labor disputes.

Executive Order 11246

A U.S. presidential order that prohibits federal contractors from discriminating against employees on the basis of race, color, religion, sex, or national origin.

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