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Which one of the following statements is the MOST accurate?

Chako

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8 years ago

Which one of the following statements is the MOST accurate?

Which one of the following statements is the MOST accurate?
A) A devaluation occurs when the central bank of the foreign country raises the domestic currency price of foreign currency, E, and a revaluation occurs when the central bank of the foreign country lowers E.
B) A devaluation occurs when the central bank lowers the domestic currency price of foreign currency, E, and a revaluation occurs when the central bank raises E.
C) A devaluation occurs when the central bank raises the domestic currency price of foreign currency, E, and a revaluation occurs when the central bank lowers E.
D) A devaluation occurs when the central bank raises the foreign currency price of domestic currency, E, and a revaluation occurs when the central bank lowers E.
E) Devaluation occurs when the domestic currency price of foreign currency, E, raises and a revaluation occurs when E is lowered.

Textbook

International Economics: Theory and Policy

International Economics: Theory and Policy

Edition: 10^th

Author: Krugman

Read 98 times

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machukian

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Chako Author

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8 years ago

I doubted this website before I signed up. I regret not being a member earlier lol

machukian

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#3

8 years ago

Good luck

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