Multiple Choice
Brazil recently reduced its currency value in terms of other currencies, making investing in the country less costly than in other countries. This action is known as ______.
A) exchange rate
B) balance of payments
C) trade deficit
D) devaluation
Correct Answer:

Verified
Correct Answer:
Verified
Q87: Importing refers to selling domestically produced goods
Q124: Which of the following is the first
Q189: What factors influence currency exchange fluctuations?
Q190: If a foreign company offers steel in
Q191: A joint venture strategy provides the most
Q192: Trading with other countries significantly increases a
Q194: Due to its highly educated workforce and
Q196: The North American Free Trade Agreement (NAFTA)
Q197: A trade deficit exists when a nation's
Q198: A Canadian company operating in the European