Multiple Choice
Under a flexible exchange rate system a decline in the value of a currency relative to other currencies is a called a _______ and under a fixed exchange rate system a decrease in the official value of a currency is called a ________.
A) depreciation; devaluation
B) appreciation; revaluation
C) revaluation; appreciation
D) depreciation; appreciation
Correct Answer:
Verified
Correct Answer:
Verified
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