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Author Question: What is the difference between a devaluation and a depreciation? What will be an ideal ... (Read 59 times)

waynest

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on: Jun 30, 2018
What is the difference between a devaluation and a depreciation?
 
  What will be an ideal response?

Question 2

Which of the following is not an indicator that is used by the World Bank in measuring the level of economic development?
 
  a. life expectancy at birth.
  b. adult literacy rate.
  c. infant mortality rate.
  d. all of the above are not used by the World Bank.


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T4T

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A currency is devaluated when the rate at which the central bank will exchange the local currency for foreign convertible currency, such as dollars, is abruptly increased. A depreciation is the gradual decrease in the purchasing power of a domestic currency in foreign markets relative to domestic markets.

Answer to Question 2

D


waynest

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

Dominic

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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