Econ 203 Micro

Econ 203 Micro - 4. Revaluation-increasing the value of the...

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Econ 203 Micro Exam on December 12 th at 2:00 Brettonwood N.H -Started 2 banks -I,M.F I can sell 6 or 7 pills $90 or $110 Currency adjustment -4 adjustments to the currency 1. Devaluation-decreasing the value of the currency by increasing the gold standard/ value 2. Appreciation-an increasing the value of the currency in terms of other currencies 3. Depreciation-lowering the value of the currency in terms of other currency
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Unformatted text preview: 4. Revaluation-increasing the value of the currency in terms of other currency Commodity or money market is in Chicago Floating- The value of the currency will be determined through the market forces of supply and demand Balance of payments-Currency shipment Short run long run Balance of trade Multilateral...
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