A "Devaluation" Occurs When

question 115

Multiple Choice

A "devaluation" occurs when

• A) the official price of a currency is raised.
• B) the official price of a currency is lowered.
• C) a nation's currency depreciates under a flexible exchange rate system.
• D) a nation's currency appreciates under a flexible exchange rate system.
• E) none of the above

---

Definitions:

Census Bureau

A national agency responsible for collecting, analyzing, and publishing statistical data about the population, economy, and resources of a country.

Under-count

An instance when the actual number of individuals or items is higher than what is officially recorded or reported, often seen in population censuses or surveys.

Cohabiting

Living together and having a sexual relationship without being married.

Acculturation

The method through which people adopt the cultural characteristics or social behaviors of a different group.