A Decrease in the Value of the Domestic Currency in Terms

question 52

Multiple Choice

A decrease in the value of the domestic currency in terms of the foreign currency means that ________.

• A) the domestic currency has appreciated and the nominal exchange rate has risen
• B) the domestic currency has depreciated and the nominal exchange rate has risen
• C) the foreign currency has appreciated and the nominal exchange rate has fallen
• D) the foreign currency has depreciated and the nominal exchange rate has fallen

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Definitions:

Mulattoes

Historically referred to individuals of mixed African and European ancestry.

Northerners

Residents or natives of the northern part of a country or region, often distinct in cultural, social, or economic practices from those in the southern part.

Re-Admittance

The process of being allowed to return or gain entry again into a place, organization, or institution from which one was previously excluded or had left.

Black Codes

Laws passed in the southern United States after the Civil War, intended to restrict the freedoms and rights of African Americans and ensure a labor force.