read this news report about a planned devaluation of the bolivar, the currency of venezuela. the president…

read this news report about a planned devaluation of the bolivar, the currency of venezuela. the president of venezuela announced that the country would be devaluating the bolivar for the fifth time in nine years. the official rate is falling from 4.3 bolivars to the dollar, to 6.3, a 32% devaluation. by increasing the bolivar value of exports of oil to the us and other nations, the government hopes to alleviate a budget crisis caused by its increasing reliance on borrowing to meet spending obligations. in response to the announcement, the people of venezuela lined up today to buy televisions, electronics, and airline tickets in order to protect themselves from projected price increases. venezuelans started buying items immediately because of their fear of rising inflation. price deflation. declining inflation. increased imports.

read this news report about a planned devaluation of the bolivar, the currency of venezuela. the president of venezuela announced that the country would be devaluating the bolivar for the fifth time in nine years. the official rate is falling from 4.3 bolivars to the dollar, to 6.3, a 32% devaluation. by increasing the bolivar value of exports of oil to the us and other nations, the government hopes to alleviate a budget crisis caused by its increasing reliance on borrowing to meet spending obligations. in response to the announcement, the people of venezuela lined up today to buy televisions, electronics, and airline tickets in order to protect themselves from projected price increases. venezuelans started buying items immediately because of their fear of rising inflation. price deflation. declining inflation. increased imports.

Answer

Brief Explanations:

La devaluación de una moneda suele causar inflación, ya que los bienes importados se vuelven más caros y el poder adquisitivo del dinero interno disminuye. Los venezolanos comprando bienes anticipadamente buscan protegerse de los aumentos de precios que se asocian con la inflación causada por la devaluación.

Answer:

rising inflation.