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    Economics Principles and Policy Study Set 2
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    Exam 35: The International Monetary System: Order or Disorder
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    When Exchange Rates Are Set by Government Decree
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When Exchange Rates Are Set by Government Decree

Question 165

Question 165

Multiple Choice

When exchange rates are set by government decree,


A) appreciation is called devaluation.
B) depreciation is called devaluation.
C) depreciation is called deflation.
D) appreciation is called inflation.

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