When a currency depreciates relative to other currencies as a result of government action, it has been __________.

Fill in the blank(s) with the appropriate word(s).

devalued

Economics

You might also like to view...

The risk-free interest rate is determined primarily by the:

A. largest commercial banks. B. Internal Revenue Service. C. U.S. Treasury. D. Federal Reserve.

Economics

Using a production possibilities curve, a technological advance that increases the amount of output for both goods while using the same amount of inputs would be illustrated by which of the following?

What will be an ideal response?

Economics