A Decrease in a Fixed Exchange Rate from $1

question 255

Multiple Choice

A decrease in a fixed exchange rate from $1.75 per pound to $1.60 per pound is called a(n) ________ of the pound.

• A)devaluation
• B)depreciation
• C)appreciation
• D)revaluation

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Definitions:

Processing

The series of actions or steps taken in order to achieve a particular end, often used in the context of information or data handling.

Continuum

A continuous sequence in which adjacent elements are not perceptibly different from each other, but the extremes are quite distinct.

Deep Processing

A method of learning in which information is analyzed in a meaningful way to aid recall and understanding.

Shallow Processing

A cognitive processing level that involves minimal attention to meaning, as in focusing on a word's physical appearance rather than its significance.