Mention the term for an official act of reducing the rate in which one – McqOptions

MCQOPTIONS

1.	Mention the term for an official act of reducing the rate in which one currency is exchanged for another in international currency markets ?
A.	Devolution
B.	Devaluation
C.	Price cap
D.	Cut-rate
Answer» C. Price cap

Discussion

No Comment Found

Related MCQs

Which of the following terms refers to income that is saved and not invested ?
Which of the following would cause income to become more unequal ?
Which of the following would increase national income ?
Which property the paper money does not process ?
Which situation will a country face, if the birth rate falls sharply, while the death rate remains unchanged ?
Which statistical factor is used to convert current currency purchasing power into inflation adjusted purchasing power ?
Which term is used for a bank account which can be operated at will ?
Which term is used for a country’s holdings of intentionally acceptable means of payment ?
Which term is used for an addition to normal payment by a company or extra payment of gratuity to workers ?
Which term is used for an engagement in risky business with the idea of making a large profit in short time ?