Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-7

  • 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 forces is known as____

    A)  Currency Depreciation

    B)  Currency Revaluation

    C)  Currency Depression

    D)  Currency devaluation

    E)  Currency Deflation

    Correct Answer: A

    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 used for the unofficial increase of the exchange rate due to market forces, though sometimes it appears interchangeably with devaluation.


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