The drop in value of a currency pegged to gold or another currency is known as ________.
A: revaluation
B: depreciation
C: deterioration
D: devaluation
A: revaluation
B: depreciation
C: deterioration
D: devaluation
举一反三
- Which of the following best describes an appreciated currency? A: It takes less of another currency to buy that currency B: The depreciated currency can buy more domestic goods and services C: The value of two currencies has equalized D: It takes more of another currency to buy that currency
- The market price of one currency in terms of another currency is also known as A: the exchange rate between those currencies. B: the future rate between those currencies. C: the spot market. D: the value of arbitrage.
- The price of one country's currency in units of another currency or commodity is the ________. A: foreign interest rate B: foreign currency exchange rate C: par value D: international rate
- One disadvantage of gold as the basis for a currency is A: gold is difficult to transport in large quantities. B: a new discovery of gold could quickly change the value of the currency. C: a gold standard can be costly to maintain if the currency comes under speculation. D: all of the above.
- European currency is also known as A: foreign currency B: offshore currency C: Euro D: