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What has the president of Venezuela done by devaluating the bolivar? allowed the exchange rate to be set by supply and demand artificially increased the number of bolivars needed to buy one US dollar artificially decreased the number of bolivars needed to buy one US dollar allowed the exchange rate to remain unchanged for the near future

Respuesta :

artificially increased the number of bolivars needed to buy one us dollar
Parrain

By devaluing the Bolivar, the President of Venezuela has artificially increased the number of bolivars needed to buy one US dollar .

How do exchange rates work?

  • The currency that is stronger, will be able to buy more of the weaker currency.
  • The currency that is weaker will be able to buy less of the stronger currency.

By making the Bolivar weaker, it can now only buy less dollars than before which means that more Bolivars will be needed in order to purchase a single dollar.

In conclusion, option B is correct.

Find out more about exchange rates at https://brainly.com/question/8663227.

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