Multiple Choice Questions on Lowering of value of currency relative to a foreign reference currency is called ........ for General Studies (Level 1) Preparation

Back to Main Page

Multiple Choice Questions

Lowering of value of currency relative to a foreign reference currency is called ........

Indian Economy (Easy) External Sector
    Download Solution PDF

    Lowering of value of currency relative to a foreign reference currency is called _________.

    Devaluation

    Correct Answer

    Revaluation

    Incorrect Answer

    Down valuation

    Incorrect Answer

    Negative valuation

    Incorrect Answer
    छोटे Courses बड़े Results
    Master External Sector
    Prepare through Micro-courses
    Try Now
    Explanation:

    Devaluation is a deliberate downward adjustment to the value of a country’s currency relative to another currency.

    By: MIRZA SADDAM HUSSAIN
    ProfileResources

    Let's Discuss

    Master
    External Sector
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free