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When there is an official change in the exchange rate of domestic currency, then it is called :

+2 votes

asked Jan 16, 2019 in Economics by kratos

When there is an official change in the exchange rate of domestic currency, then it is called :

(a) Appreciation (b) Depreciation (c) Revaluation (d) Deflation

open economy macroeconomics
cbse
balance of trade and balance of payments
class-11
class-12

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1 Answer

+3 votes

answered Dec 31, 2020 by kratos

Best answer

(c) Revaluation

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