Question:
The value of the US dollar changes due to the market forces of demand and supply of foreign exchange i.e., from 1 USD = 81 to 2 USD = 161. What will this be termed as?
The value of the US dollar changes due to the market forces of demand and supply of foreign exchange i.e., from 1 USD = 81 to 2 USD = 161. What will this be termed as?
Updated On: Nov 4, 2024
- Appreciation of rupee
- Depreciation of rupee
- Revaluation of rupee
- Devaluation of rupee
Hide Solution
Verified By Collegedunia
The Correct Option is B
Solution and Explanation
When the value of the rupee falls compared to the US dollar, it is referred to as depreciation. In this case, more rupees are required to buy the same amount of USD (from 81 to 161 per USD), indicating depreciation of the rupee.
Was this answer helpful?
0
0
Top Questions on International Economics
- An economy has a trade surplus of 25 billion dollars and an overall current account deficit of 47 billion dollars. What will be the balance of invisibles for this economy?
- CUET (UG) - 2024
- Economics
- International Economics
- Match List-I with List-II:
List-I List-II (A) Autonomous items (I) Net of visible trade (B) Accommodating items (II) Above the line items (C) Balance of trade (III) Portfolio investment (D) Capital account (IV) Below the line items Choose the correct answer from the options given below:- CUET (UG) - 2024
- Economics
- International Economics
- Which of the following is a challenge to international trade in the 21st century?
- AILET PhD - 2024
- Economics
- International Economics
- Which of the following is a theory that explains why countries specialize in producing and exporting goods and services in which they have a comparative advantage?
- AILET PhD - 2024
- Economics
- International Economics
- Which of the following is a trade organization that promotes free trade and economic cooperation among its members?
- AILET PhD - 2024
- Economics
- International Economics
View More Questions
Questions Asked in CUET exam
- A molecule X associates in a given solvent as per the following equation:
X ⇌ (X)n
For a given concentration of X, the van’t Hoff factor was found to be 0.80 and the
fraction of associated molecules was 0.3. The correct value of ‘n’ is:- CUET (UG) - 2024
- Solutions
- Who devised the concept of Intelligence Quotient (IQ)?
- CUET (UG) - 2024
- Psychological attributes
- Two pipes A and B can fill a tank in 32 minutes and 48 minutes respectively. If both the pipes are opened simultaneously, after how much time B should be turned off so that the tank is full in 20 minutes?
- CUET (UG) - 2024
- Time and Work
- If \(A = \begin{bmatrix} 3 & 2 \\ -1 & 1 \end{bmatrix} \quad \text{and} \quad B = \begin{bmatrix} -1 & 0 \\ 2 & 5 \\ 3 & 4 \end{bmatrix},\)then \((BA)^T\) is equal to:
- CUET (UG) - 2024
- Matrices
- The spin-only magnetic moment of Hexacyanomanganate(II) ion is.........BM
- CUET (UG) - 2024
- Magnetic moment
View More Questions