Question:
Under flexible exchange rate, when the price of domestic currency in terms of foreign currency increases, it is called_______
Under flexible exchange rate, when the price of domestic currency in terms of foreign currency increases, it is called_______
Updated On: Oct 29, 2024
- Depreciation of domestic currency
- Appreciation of domestic currency
- Devaluation of domestic currency
- Revaluation of domestic currency
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The Correct Option is B
Solution and Explanation
Appreciation refers to an increase in the value of domestic currency in a flexible exchange rate system.
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