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  3. 12th Class
  4. Economics
  5. Foreign Exchange Rate

12th Class Economics Foreign Exchange Rate Question Bank MCQs - Foreign Exchange Rate

  • question_answer
    Suppose the government plans to reduce the prices of US Dollar from Rs. 50 to Rs. 45. This step is known as ......... of domestic currency.

    A) revaluation

    B) devaluation

    C) depreciation

    D) appreciation

    Correct Answer: A

    Solution :

    This is a deliberate step taken by the government to rise the value of domestic currency. This is known a revaluation of domestic currency against foreign currency.


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