Which of the following most likely results in devaluation of tenge? a. Inflow of portfolio investments from Russia to Kazakhstan O b. Decrease in oil consumption in China, major importer of oil produced in Kazakhstan C. Oc. Increase in world oil prices (oil is a major export item for Kazakhstan) d. Positive changes in perception of the investment climate in Kazakhstan e. Decrease in the supply of tenge in the foreign exchange market
Which of the following most likely results in devaluation of tenge? a. Inflow of portfolio investments from Russia to Kazakhstan O b. Decrease in oil consumption in China, major importer of oil produced in Kazakhstan C. Oc. Increase in world oil prices (oil is a major export item for Kazakhstan) d. Positive changes in perception of the investment climate in Kazakhstan e. Decrease in the supply of tenge in the foreign exchange market
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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