When Policy Makers Decide to Devalue the Currency, Such an Action

Multiple Choice

When policy makers decide to devalue the currency, such an action generally represents:

A) a decrease in the pegged value of the domestic currency.
B) a decision to let the currency float.
C) a decrease in the foreign price level.
D) a decrease in the domestic price level.
E) a decrease in the pegged value of the foreign currency.