This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What are the differences and similarities between a depreciation and devaluation of a currency? ... (Read 77 times)

joesmith1212

  • Hero Member
  • *****
  • Posts: 549
on: Jun 30, 2018
What are the differences and similarities between a depreciation and devaluation of a currency?
 
  What will be an ideal response?

Question 2

Adam Smith created the theory of comparative advantage.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Cnarkel

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

A depreciation of a currency takes place due to the mechanics of supply and demand and belongs to a flexible or floating exchange rate system. On the other hand, devaluation is due to the intervention by the monetary authority of a central bank of a country following a fixed exchange rate system. They both result in a lower value of the currency.

Answer to Question 2

FALSE


joesmith1212

  • Member
  • Posts: 549
Reply 2 on: Jun 30, 2018
:D TYSM

carojassy25

  • Member
  • Posts: 299
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Structural similarities between antimetabolites and their natural counterparts. Structural similarities between antimetabolites and their natural counterparts.
How to find the first and second differences for any table of values How to find the first and second differences for any table of values
Differences in the mitochondrial code and coding for the “21st and 22nd” amino acids Differences in the mitochondrial code and coding for the “21st and 22nd” amino acids
Structural similarities between antimetabolites and their counterpart Structural similarities between antimetabolites and their counterpart
Major phenotypic differences between maize and teosinte Major phenotypic differences between maize and teosinte
ATP, an important energy currency in cells ATP, an important energy currency in cells
Video: Import of Dietary Glucose from Intestines to Bloodstream

For a complete list of videos, visit our video library