Which of the Following Is Not Accurate? After Introducing the Real

question 6

Multiple Choice

Which of the following is not accurate? After introducing the Real as its new currency in 1994, Brazil

• A) lost competitiveness in foreign markets since the Real experienced a real appreciation.
• B) experienced high domestic interest rates.
• C) reduced its annual rate of inflation.
• D) experienced bank failures.
• E) raised the foreign reserves in its central bank