Question:
The Government decreases the exchange rate in the fixed exchange rate system. What is the term used for that?
The Government decreases the exchange rate in the fixed exchange rate system. What is the term used for that?
Updated On: May 18, 2024
- Appreciation
- Devaluation
- Depreciation
- Revaluation
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The Correct Option is D
Solution and Explanation
The correct option is (D): Revaluation
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