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Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-6

  • question_answer
    The loss of value of a country's currency with respect to one or more foreign reference currencies due to play of market is called

    A)  Appreciation

    B)  Devaluation

    C)  Recession

    D)  Depreciation

    E)  None of these

    Correct Answer: D

    Solution :

     Currency depreciation is the loss of value of a country's currency with respect to one or more foreign reference currencies, typically in a floating exchange rate system. It is most often related to increase of the exchange rate due to market forces, though sometimes it appears interchangeably with devaluation. An Increase of value of a currency, is currency appreciation.


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