When the equilibrium dollar price of a foreign currency decreases due to changes in demand for or supply of the foreign currency, the domestic currency
A) has appreciated.
B) has depreciated.
C) is overvalued.
D) is undervalued.
E) is revalued.
A
Economics
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Traditionally, nations pegged their currencies to _______, and so trade was accomplished with _______ exchange rates.
A) the pound sterling; floating B) gold; fixed C) the U.S. dollar; floating D) silver; fixed
Economics
An example of a nominal variable is ________
A) income measured at current market prices B) expenditures in terms of the quantities of actual goods C) the chain weighted measure of GDP D) all of the above E) none of the above
Economics