the Central Bank of China announces that the yen will trade from tomorrow onwards at 5 to the dollar instead of the current 3 to the dollar, this is known as a. Revaluation b. Devaluation c. Depreciation d. Appreciation

the Central Bank of China announces that the yen will trade from tomorrow onwards at 5 to the dollar instead of the current 3 to the dollar, this is known as a. Revaluation b. Devaluation c. Depreciation d. Appreciation

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter36: Exchange Rates And Financial Links Between Countries

Section: Chapter Questions

Problem 14E

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Question

If the Central Bank of China announces that the yen will trade from tomorrow onwards at 5 to the dollar instead of the current 3 to the dollar, this is known as

Revaluation

Devaluation

Depreciation

Appreciation

Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video

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