3) Barack Hussein Obama, the 44th Democratically elected USA president Announces

Question

3) Barack Hussein Obama, the 44th Democratically elected USA president Announces that 9 in his official capacity as President he is increasing the value of the US $in the international markets. This is: A) Devaluation of the dollar B) Depreciation of the dollar C) Appreciation of the dollar D Overvaluation of the dollar E) None of the above 9 4) On November 17, 2013, It is reported in wall street journal, that $1.00-8 Yen. However on the same day I purchased dollar in yen as $1.00- 4 yen. We can conclude that the dollar has been: a) Depreciated b) Appreciated c) Revaluated d) Undervalued e) Overvalued 5. For a certain good, when price rises from $80 to $100, quantity demanded falls from 100,000 to 75.500. The coefficient of price elasticity of demand here is a. 1.26 b. 0.98 c. 0.796 d. 245.0. 3

Explanation / Answer

First question is answered below

1. Correct option: (c) Appreciation of dollar

Reason: An appreciation of currency means an increase in the Value of currency with respect to foreign currency

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