A depreciation in Micromania's currency, the micro, occurs when the exchange rate changes from
a. 50 micros = $2 to 25 micros = $1
b. 100 micros = $2 to 200 micros = $1
c. $1 = 75 micros to $2 = 100 micros
d. $3 = 75 micros to $1 = 25 micros
e. $1 = 50 micros to $2 = 50 micros
B
You might also like to view...
Deadweight loss and market failure are created when a market produces
A) either more or less than the efficient quantity. B) more than the efficient quantity but not when less than the efficient quantity is produced. C) less than the efficient quantity but not when more than the efficient quantity is produced. D) the efficient quantity. E) None of the above answers is correct because deadweight loss has nothing to do with the efficient quantity.
A financial system is a means of bringing together savers and borrowers.
Indicate whether the statement is true or false.