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A "devaluation" occurs when

capriciossa

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7 months ago

A "devaluation" occurs when

▸

the official price of a currency is raised.

▸

the official price of a currency is lowered.

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a nation's currency depreciates under a flexible exchange rate system.

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a nation's currency appreciates under a flexible exchange rate system.

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none of the above

Textbook

Economics

Edition: 12^th

Author: Arnold

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JRAD814

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More solutions for this book are available here

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