In a System in Which There Is an Administered Exchange

question 37

Multiple Choice

In a system in which there is an administered exchange rate, what is the term used when the government sets the rate lower to buy more units of foreign currency?

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

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Definitions:

Word

The smallest independent element of a language that can convey meaning.

Concept

An abstract idea or a mental symbol, typically associated with a fundamental characteristic of something.

Terms

In logic, the concepts or entities used in an argument or statement.

Donkey

A domesticated hoofed mammal of the horse family with long ears and a braying call.