Which of the Following Is True of a Currency Devaluation

question 95

Multiple Choice

Which of the following is true of a currency devaluation?

• A)It refers to the value of a currency increasing.
• B)It refers to a fixed exchange rate being lowered.
• C)It is not possible now that the gold standard has been abandoned.
• D)It is something governments aspire to but seldom achieve.

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Definitions:

Talcott Parsons

An American sociologist known for developing the theory of action and for his role in the development of modern sociology.

Deprivation Amplification

The process by which disadvantaged groups are more likely to experience compounding effects of deprivation, leading to greater inequality.

Social Factors

Elements that impact individuals and their behavior, including family, education, religion, and economic status.

Genetic

Pertaining to genes and heredity, focusing on how certain traits or conditions are passed from parents to offspring.