4. Read this news report about a planned devaluation of the bolivar, the currency of Venezuela.
The president of Venezuela announced that the country would be devaluating the bolivar for the fifth time in nine years. The official rate is falling from 4.3 bolivars to the dollar, to 6.3, a 32% devaluation. By increasing the bolivar value of exports of oil to the US and other nations, the government hopes to alleviate a budget crisis caused by its increasing reliance on borrowing to meet spending obligations.
In response to the announcement, the people of Venezuela lined up today to buy televisions, electronics, and airline tickets in order to protect themselves from projected price increases.
Venezuelans started buying items immediately because of their fear of ...
A.) rising inflation.
B.) price deflation.
C.) declining inflation.
D.) increased imports.
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “4. Read this news report about a planned devaluation of the bolivar, the currency of Venezuela. The president of Venezuela announced that ...” 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
You Might be Interested in
Because of the sales tax in a particular region, a customer in a supermarket must pay $1.46 for a package of candy marked $1.35. What is the effective tax rate on this purchase, expressed as a percentage?
Answers (1)
What are currency exchange rates based on ...
Answers (1)
Expert systems are used when: predictions for the future are required. patterns of consumer behavior need to be investigated. Big data needs to be analyzed. expertise is in short supply and needs to be captured.
Answers (1)
Kathy, a fashion model, witnessed a motor vehicle accident but did not stop because she was late for her pedicure and simply didn't want to get involved.
Answers (1)
The economy enters a recession. Employment falls by 4%, and the number of hours per week worked by each employed worker falls by 2.5%. In addition, 0.
Answers (1)
New Questions in Business
Brad Essary owned a small company that sold garden equipment. The equipment was expensive, and a perpetual system was maintained for control purposes.
Answers (1)
Why does Target use different hurdle rates for the store and credit cards (9% and 4%, respectively) ? What process would you use to estimate these discount rates to see if they are reasonable?
Answers (1)
Arguments against social responsibility
Answers (1)
When at work i take a bit of time settling in before starting my work tasks each day jump right in to my work as soon as i arrive at my job each day?
Answers (1)
Producer S brokered slightly more than $40,000 in insurance premiums last year. Based on this premium amount, what is the penalty (face) amount of the surety bond S is required to maintain in favor of the people of Illinois?
Answers (1)