Under a flexible exchange rate system, a decrease in the value of a domestic currency in terms of foreign currencies is referred to as

A) an appreciation.
B) a depreciation.
C) a devaluation.
D) a revaluation.

B

Economics

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The minimum wage laws seek to

A) penalize employers that are not complying with labor laws. B) assure a minimum standard of payment for work. C) assure that all workers are paid the same wage rate. D) help teenagers find work.

Economics

"Stocks and bonds" are collectively known as

A) securities. B) equities. C) real property. D) shares.

Economics