Higher Tariffs and Quotas Cause a Country's Currency to ________

question 106

Multiple Choice

Higher tariffs and quotas cause a country's currency to ________ in the ________ run,everything else held constant.

• A)depreciate;short
• B)appreciate;short
• C)depreciate;long
• D)appreciate;long

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Definitions:

Other Accounts

Other accounts generally refer to miscellaneous financial accounts on a company's balance sheet that don't fit into standard categories like assets, liabilities, or equity.

Debit Entry

An accounting entry that results in either an increase in assets or expenses, or a decrease in liabilities or equity, on a company's balance sheet.

Account

A record in financial accounting that tracks the financial transactions related to a specific asset, liability, equity, revenue, or expense.

Credits

Accounting entries that increase liabilities or equity or decrease assets or expenses.