Asked by Cynthia Frias on Jul 03, 2024
Verified
When a currency depreciates relative to other currencies as a result of government action,
A) it has appreciated.
B) it has been devalued.
C) it has been debased.
D) it has become worthless.
E) it has been subject to runaway inflation.
Currency Depreciates
Refers to a decrease in the value of a currency in comparison to other currencies, which can affect international trade and economic balance.
Government Action
Any activity or policy implemented by a government to influence economic, social, or political issues.
Devalued
Devalued is a term used to describe a reduction in the value of a currency with respect to other currencies, often through government policy.
- Discern the determinants leading to currency valuation fluctuations.
Verified Answer
Learning Objectives
- Discern the determinants leading to currency valuation fluctuations.
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