Loss of value of a country's currency with respect to one or more fore – McqOptions

MCQOPTIONS

1.	Loss of value of a country's currency with respect to one or more foreign reference currencies, is called as?
A.	Depreciation
B.	Devaluation
C.	Revaluation
D.	Inflation
Answer» B. Devaluation

Discussion

No Comment Found

Related MCQs

Loss of value of a country's currency with respect to one or more foreign reference currencies, is called as?
Which of the following is the first payment bank of India?
The GST Council, that takes all decisions regarding implementation of GST. The council is headed by?
The bill for Insolvency and Bankruptcy Code was passed in?
Which of the following statement/s is/are correct about RBI’s monetary policy review of June 2018? The repo rate is increased to 6.25% from 6.0% earlier The reverse repo rate adjusted to 6.0%, and the marginal standing facility (MSF) rate to 6.50% The increase in the policy rate is due to increase in the inflation Projection for GDP growth for 2018-19 was increased to 7.5%