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प्रश्न
______ occurs when the currency exchange rate is officially lowered under a fixed exchange rate system.
पर्याय
Devaluation
Depreciation
Both devaluation and depreciation
None of the above
MCQ
रिकाम्या जागा भरा
उत्तर
Devaluation occurs when the currency exchange rate is officially lowered under a fixed exchange rate system.
Explanation:
It occurs when, under a fixed exchange rate system, the currency exchange rate is officially decreased. It exists in the context of a fixed exchange rate.
shaalaa.com
Foreign Exchange Market - Determination of the Exchange Rate
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