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capriciossa capriciossa
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A year ago

A "devaluation" occurs when



the official price of a currency is raised.



the official price of a currency is lowered.



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



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



none of the above

Textbook 
Economics

Economics


Edition: 12th
Author:
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JRAD814JRAD814
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A year ago
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capriciossa Author
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A year ago
Thanks
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Yesterday
Thank you, thank you, thank you!
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2 hours ago
Good timing, thanks!
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