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    Exam 10: Understanding Foreign Exchange
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    Lowering a Fixed Exchange Rate by a Government Is Called
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Lowering a Fixed Exchange Rate by a Government Is Called

Question 30

Question 30

Multiple Choice

Lowering a fixed exchange rate by a government is called a(n) __________ of that rate.


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

Correct Answer:

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