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Q. |
Which one of the following statements is the most accurate? |
A. | Depreciation is a rise in E when the exchange rate is fixed, and devaluation is a rise in E when the exchange rate floats. |
B. | Depreciation is a decrease in E when the exchange rate floats, and devaluation is a rise in E when the exchange rate is fixed. |
C. | Depreciation is a rise in E when the exchange rate floats, and devaluation is a rise in E when the exchange rate is fix |
Answer» C. Depreciation is a rise in E when the exchange rate floats, and devaluation is a rise in E when the exchange rate is fix |
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International Economics