Rate higher to buy fewer units of foreign currency

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In a system in which there is an administered exchange rate, what is the term used when the government sets the rate higher to buy fewer units of foreign currency?

a revaluation

an appreciation

a devaluation

a depreciation

Reference no: EM13984266

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Rate higher to buy fewer units of foreign currency : In a system in which there is an administered exchange rate, what is the term used when the government sets the rate higher to buy fewer units of foreign currency?

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