The Figure Given Below Depicts the Foreign Exchange Market for British

question 58

Multiple Choice

The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2

-A decrease in the price of a currency in terms of another under a flexible exchange rate regime is called:

• A)capital flight.
• B)depreciation.
• C)revaluation.
• D)devaluation.
• E)currency adjustment.