The Main Reason(s) Why Governments Sometimes Choose to Devalue Their

question 58

Multiple Choice

The main reason(s) why governments sometimes choose to devalue their currencies is (are)

• A) devaluation makes domestic goods more expensive in relation to foreign goods.
• B) devaluation makes domestic services more expensive in relation to foreign services.
• C) devaluation increases foreign reserves held by the central bank.
• D) devaluation improves the current account and increases foreign reserves held by the central bank.
• E) devaluation hurts foreign currencies.

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Definitions:

HRM

Human Resource Management, the strategic approach to managing employment relations which includes hiring, administration, and developing policies for working people.

Organizational Change

The process through which a company undergoes a transformation in its business processes, organizational structures, or cultural changes.

Kurt Lewin

A psychologist known for pioneering social, organizational, and applied psychology, including the change management theory involving unfreeze-change-refreeze stages.

Planned Organization Change

A deliberate and structured process designed to transform an organization's operations, strategy, or culture to improve efficiency and effectiveness.