Explain Two Purposes of Devaluation and Revaluation in a Fixed

question 23

Essay

Explain two purposes of devaluation and revaluation in a fixed exchange rate regime.

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Definitions:

Education Level

The highest degree or grade of schooling an individual has completed.

Physical Activity

All physical actions triggered by the contraction of skeletal muscles which lead to the consumption of energy, such as tasks performed during work, play, execution of domestic duties, commuting, and participation in leisure activities.

Unmarried Man

A male individual who has never entered into a marriage or similar partnership.

Obesity

A medical condition in which excess body fat has accumulated to the extent that it may have a negative effect on health.