Which of the following could be responsible for the depreciation of a country's currency?
A. The country expands its tourist industry.
B. The country experiences a sudden drop in the rate of inflation while other nations do not.
C. Speculators anticipate economic growth in that nation.
D. The country defaults on bonds held by foreigners.
Answer: D
Economics
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Failure to pay back a loan:
a. collude b. collateral c. default d. accelerate
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Bank capital can best be described as:
A) funds contributed by shareholder purchasers of a bank's stock plus the accumulated retaining earnings B) the accumulated amount of reserves held by a bank C) the location of most of the major banks of a country D) another name for bank assets
Economics