Question: Was this a depreciation, devialuation, appreciation, or revaluation? Explain. (Select all the choices that acely)A. Ayytime a government sets or resets the value of its
Was this a depreciation, devialuation, appreciation, or revaluation? Explain. (Select all the choices that acely)A. Ayytime a government sets or resets the value of its currency, it is a managed or fred exchange rate. If that is the case, any change in its offecial value mate be einer an "appreciation" of "devaluation." In this case, an appreciation.B. Anytime a government sets or resets the value of its currency, if is a managed or fleed exchange rate. If That is fla case, any change in to offical value mual be eincer a "rowalizion" of "devaluation." In this case, a devaluation."Ofpreciation." In this case, a revaluation.D. This is evident from the fact that it now takes more pesos per U.S. dollar, so is value is less or devalued, in terns of the percentage change calculation, nis is indicated by ithe negative percentage change.
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