If Market Forces Change the Exchange Rate Value of One

question 61

Multiple Choice

If market forces change the exchange rate value of one dollar from 80 yen to 83.25 yen, then the dollar has

• A)appreciated.
• B)depreciated.
• C)been revalued.
• D)been devalued.

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Definitions:

Outsourcing

The practice of hiring third parties to conduct services or produce goods that were traditionally performed by the company's own staff.

Positive Statement

An objective statement based on facts that can be tested and verified.

Education

The process of receiving or giving systematic instruction, especially at a school or university, that aims to improve knowledge and develop skills.

Wage Rate

The amount of money paid for a specific unit of time or work, often expressed per hour or per piece of work done.