Ask Question
5 November, 17:00

According to the terminology associated with changes in currency values, which of the following choices is the case when a currency's value relative to other currencies is changed by a government?

A) depreciation and revaluation.

B) devaluation and appreciation.

C) devaluation and revaluation.

D) depreciation and appreciation.

+3
Answers (1)
  1. 5 November, 17:28
    0
    C) devaluation and revaluation

    Explanation:

    Devaluation and revaluation is the way that government changes the exchange rate of it's currency in relation to others.

    Devaluation is the reduction of the exchange rate of a countrie's currency usually against the United States dollar. This reduces the currency value in relation to the foreign currency.

    Revaluation on the other hand is when a country increases the exchange rate, making the value higher against foreign currency.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “According to the terminology associated with changes in currency values, which of the following choices is the case when a currency's value ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers