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)
  • Views: 239
  • Filed under category Economic

No solution found for this question.
Add Solution and get +2 points.

You must be Logged in to update hint/solution

Discusssion

Login to discuss.

Be the first to start discuss.

Related MCQs on Economic

Q. The garibi hatao (eradicate poverty) slogan was coined during the

Q. ____ influences the price in long period.

Q. Other things being equal, a decrease in quantity demanded of a commodity can be caused by

Q. The Constitution of India provides for transfer of resources from Centre to States in the form of: ...

Q. Which among the following are two maximum revenue yielding groups of Indirect taxes in India?

Q. Which deficit is the largest contributor to the total deficit of the budget of the Government of Ind...

Q. What is LEED?

Q. Industrial Licensing was finally abolished in India in which of the following years ?

Q. The term ‘Invisible trade’ refers to the trade:

Q. The basic problem studied in Macro-Economics is

Learn All Economic MCQs

Download our easy to use, user friendly Android App from Play Store. And learn MCQs with one click.

Image

Question analytics