R

Ram Sharma • 193.86K Points
Coach Economic 

Q. Which one of the following statements is the most accurate?

  • (A) A devaluation occurs when the central bank lowers the domestic currency price of foreign currency, E, and a revaluation occurs when the central bank raises E.
  • (B) A devaluation occurs when the central bank raises the domestic currency price of foreign currency, E, and a revaluation occurs when the central bank lowers E.
  • (C) Devaluation occurs when the domestic currency price of foreign currency, E, is raised, and a revaluation occurs when E is lower
  • (D) None of these
  • Correct Answer - Option(B)
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  • Filed under category Economic

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