According to this Application, during the late 1980s, Argentina pegged its currency to the U.S. dollar. After 1995, the U.S. dollar appreciated sharply on world markets. Since the Argentinean peso was pegged to the U.S
dollar, the appreciation of the dollar essentially caused
A) the peso to appreciate relative to the dollar, but depreciate on world markets.
B) a sharp devaluation of the dollar relative to the peso.
C) a severe revaluation of the peso relative to the dollar.
D) the peso to also appreciate sharply on world markets.
D
Economics
You might also like to view...
The major change in American labor markets this century is
A) the steady rise of the unemployment rate. B) the steady rise of the employment rate. C) the increase in the labor-force participation rate. D) the increase in the female labor-force participation rate.
Economics
When two groups or individuals work together to resolve a problem it is called
a. negotiation b. grievance c. arbitration d. mediation
Economics