In a Fixed Exchange Rate System, a Decrease in the Exchange

question 90

Multiple Choice

In a fixed exchange rate system, a decrease in the exchange rate at which a currency is pegged is called a(n)

• A) appreciation.
• B) devaluation.
• C) revaluation.
• D) depreciation.

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Definitions:

Macrostructures

Large-scale social structures that influence the organization and behavior of societies.

Ethnomethodology

A sociological perspective focusing on the ways in which individuals make sense of their world, emphasizing the everyday practices and methods people use.

Cognition

The mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.

Macro-level Sociology

The study of large-scale social structures and processes, such as social institutions and societal changes, to understand their impact on groups and individuals.