Foreign Exchange Rate Stability Is Important Because a Decline in the Value

question 25

Multiple Choice

Foreign exchange rate stability is important because a decline in the value of the domestic currency will ________ the inflation rate,and an increase in the value of the domestic currency makes domestic industries ________ competitive with competing foreign industries.

• A)increase;more
• B)increase;less
• C)decrease;more
• D)decrease;less

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Definitions:

Profession

A paid occupation, especially one that involves prolonged training and a formal qualification.

Psychology

The scientific study of the mind and behavior, encompassing various aspects of conscious and unconscious experience.

Evolutionary Psychology

A theoretical approach in the social and natural sciences that examines psychological structure from a modern evolutionary perspective.

Adaptive Value

The degree to which a trait or behavior helps an organism survive and reproduce in its environment.