Devaluation of currency means :...

Devaluation of currency means :

A

Reduction in the value of domestic currency by the market forces

B

Reduction in the value of domestic currency by the government

C

Both (a) and (b)

D

Neither (a) nor (b)

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Verified by Experts

The correct Answer is:

B

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SANDEEP GARG- FOREIGN EXCHANGE RATE -REVISION EXERCISE

Which of the following items raises the supply of foreign exchange ?
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A change from Rs. 70 =1 £ "to" Rs. 60 =1 £ indicates that Rs. is
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refers to a system in which foreign exchange rate is determined by mar...
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Supply curve of foreign exchange :
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Depreciation of domestic currency leads to rise in:
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Imports of goods and services raises the of foreign exchange.
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Flexible Exchange Rate System is also known as :
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Devaluation of currency means :
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Other things reamining unchanged, when in a country the price of forei...
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Other things reamining the same, when in ac country the market price o...
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Other things remaining the same, when foreign currency becomes cheape...
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The value of US Dollar $1 has gone down from Rs. 73 "to Rs. 70 . It me...
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