Which of the Following Is True of Currency Crises

question 15

Multiple Choice

Which of the following is true of currency crises?

• A) They have become less frequent since 1978
• B) They are often caused by slow, steady, capital inflows
• C) They generally affect nominal exchange rates but not real exchange rates
• D) They generally reduce national income
• E) By making exports inexpensive and imports costly, they stimulate GDP

---

Definitions:

Cosmetic Surgery

Surgical procedures undertaken to alter or enhance one's appearance for aesthetic rather than medical reasons.

American Culture

The set of customs, traditions, language, and social norms prevailing in the United States.

Aging

The process of becoming older or more mature, often associated with physical, mental, or social changes over time.

Nutritional Value

Refers to the content of essential nutrients and compounds in a food item that contribute to the body's health and wellbeing.