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A decrease in a fixed exchange rate

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A decrease in a fixed exchange rate from $0.40 per Deutsche Mark to $0.28 per pound is called a ________ of the Deutsche Mark.;which of the following out of the choices are correct? (A. B. C. or D.);A. depreciation;B. appreciation;C. revaluation;D. devaluation

 

Paper#24651 | Written in 18-Jul-2015

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