When the Value of a Local Currency Has Fallen Against

question 46

Short Answer

When the value of a local currency has fallen against that of the home country, borrowing locally becomes ________.

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Definitions:

Human Capital Development

Refers to the process of improving an individual's skills, knowledge, and abilities, typically through education and training, to enhance their productivity and potential in the workforce.

Adult Education

Educational programs specifically designed for adults beyond traditional schooling age, focusing on skills enhancement, personal enrichment, or vocational training.

Efficient Worker

An employee who achieves maximum productivity with minimum wasted effort or expense.

Human Capital

The economic value of the abilities, skills, and training of an individual or workforce.