Question 28
Balance of Payments and Exchange RatesThe lowering of the exchange rate between a country's currency and other currencies is known as
- A.the foreign exchange rate
- B.deflation
- C.exchange control
- D.the law of comparative advantage
- E.none of the above.
Show the answer and explanation
Answer: E (none of the above.)
Explanation
Lowering the exchange value of a currency is called devaluation, which is not among options A to D.