A Currency Devaluation Is A(n)

question 29

Multiple Choice

A currency devaluation is a(n) :

• A)increase in the value of a currency relative to other currencies.
• B)decrease in the value of a currency relative to other currencies.
• C)reduction in the official value of a currency in a fixed-exchange-rate system.
• D)increase in the official value of a currency in a fixed-exchange-rate system.

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Definitions:

Manager's Authority

The rights and powers entrusted to a manager to make decisions and direct resources and personnel towards the accomplishment of organizational objectives.

Manager's Power

The authority and influence held by managers to make decisions and direct the actions of employees.

Conglomerate

A coarse-grained sedimentary rock composed of rounded fragments or clasts of pre-existing rocks.

Basalt

A dark, fine-grained volcanic rock that is formed from the rapid cooling of basaltic lava at the Earth's surface.