​In Some Developing Countries, Different Exchange Rates Apply to Different

question 34

Multiple Choice

​In some developing countries, different exchange rates apply to different categories of transaction, and therefore, _____.

• A)the local currency is not easily convertible to foreign currency.
• B)the local currency is not easily convertible to foreign currency
• C)the prices of foreign goods fluctuate widely in the domestic markets.
• D)the prices of domestic goods fluctuate widely in the foreign markets
• E)domestic investors are more inclined to invest in foreign assets

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Definitions:

Carbon Dioxide

A colorless, odorless gas composed of one carbon and two oxygen atoms, widely known for its role in the carbon cycle and as a greenhouse gas.

Water

A clear, colorless, odorless, and tasteless liquid, composed of hydrogen and oxygen (H2O), essential for most plant and animal life and the most widely used solvent.

Glucose

A simple sugar that is an important energy source in living organisms and is a component of many carbohydrates.

Photosynthesis

The process by which green plants and some other organisms use sunlight to synthesize nutrients from carbon dioxide and water.