Decrease in value of domestic currency to foreign currency in fixed exchange rate system is called:
(
This question was previously asked in
Shift 01/06/2023 8:30 AM - 11:30 AM
A
Depreciation
B
Devaluation
C
Appreciation
D
Revaluation
Correct Answer
Devaluation
Detailed Explanation
.
- Devaluation: A deliberate downward adjustment of a fixed exchange rate to boost exports.
- Depreciation: A decrease in a currency's value relative to another in a floating exchange rate s
- Appreciation: An increase in a currency's value relative to another in a floating exchange rate system.
- Revaluation: A deliberate upward adjustment of a fixed exchange rate to counter inflation or align with economic conditions.
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