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    Business
  3. Study Set
    Financial System and the Economy Principles
  4. Exam
    Exam 16: How Exchange Rates Are Determined
  5. Question
    Under a Flexible Exchange Rate System, __________ Is When a Currency
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Under a Flexible Exchange Rate System, __________ Is When a Currency

Question 2

Question 2

Multiple Choice

Under a flexible exchange rate system, __________ is when a currency has decreased in value relative to another currency.


A) depreciation
B) appreciation
C) capital inflow
D) revaluation

Correct Answer:

verifed

Verified

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