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    Exam 33: Exchange Rates and the Balance of Payments
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    Under a Flexible Exchange Rate System, a Decrease in the Value
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Under a Flexible Exchange Rate System, a Decrease in the Value

Question 240

Question 240

Multiple Choice

Under a flexible exchange rate system, a decrease in the value of a domestic currency in terms of foreign currencies is referred to as


A) an appreciation.
B) a depreciation.
C) a devaluation.
D) a revaluation.

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