Question:
Which of the following is revaluation of currency in fixed exchange rate system ?
Which of the following is revaluation of currency in fixed exchange rate system ?
Updated On: Sep 23, 2024
- The price of domestic currency is pegged with two or more foreign currencies
- When the government decreased the exchange rate
- When the government increases the exchange rate
- The price of domestic currency in terms of foreign currency increases.
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The Correct Option is B
Solution and Explanation
The correct option is (B) :When the government decreased the exchange rate.
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