Answers GA-GSE Personal Finance and Economics Currencies and Exchange RatesQuestion 29818

29818

AssignmentMultiple Choice

Currencies and Exchange Rates

Question 29818 • GA-GSE Personal Finance and Economics

What has the president of Venezuela done by devaluating the bolivar?

Answer

A

allowed the exchange rate to be set by supply and demand

B

artificially increased the number of bolivars needed to buy one US dollar

C

artificially decreased the number of bolivars needed to buy one US dollar

D

allowed the exchange rate to remain unchanged for the near future

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