Studies of privatization in central Europe have shown that the process often fails to deliver predicted benefits if the newly privatized firms continue to receive subsidies from the state and if they are protected from foreign competition.

The straight rebuy is normally a routine process involving only a few members of the buying center and may even be done electronically with little human involvement

Indicate whether the statement is true or false

Which of the following terms refers to the government reduction of its currency value relative to the other currency values?

A) devaluation B) hyperinflation C) depreciation D) fluctuation