Which of These Steps Usually Comes First in a Currency

question 13

Multiple Choice

Which of these steps usually comes first in a currency crisis?

• A)The government offers substantially higher interest rates.
• B)The government devalues its currency.
• C)Investors begin to sell a nation's currency.
• D)The government faces some difficulty in maintaining a fixed exchange rate.
• E)People lose faith in the government's commitment to keeping a stable exchange rate.

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Definitions:

Wireless Payment Service

A payment method that allows customers to make transactions using wireless technology, often through mobile devices without physical card swiping.

NFC

Near Field Communication, a set of communication protocols that enable two electronic devices, one of which is usually a portable device such as a smartphone, to establish communication by bringing them within 4 cm of each other.

VPN

A Virtual Private Network is a technology that establishes a secure and encrypted connection across a less secure network, like the internet.