Raising the value of country's currency under fixed exchange rate system is : Option 1: Devaluation Option 2: Appreciation Option 3: Revaluation Option 4: Depreciation

The answer is 'Revaluation'. View full solution:

CUET Economics - Raising the value of country's currency under fixed exchange rate system is : | PYQs + Solutions

CUET Economics

Macro

Easy

Devaluation

Appreciation

Revaluation

Depreciation

✅ Correct Option: 3

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CUET Economics 2023 Slot 3

Arrange the following statements in correct sequence relating to change in exchange.

(A) The Central Bank intervenes to purchase dollars rate between Dollars and Rupee in the foreign exchange market.

(B) The government sets the exchange rate above the equilibrium exchange rate.

(D) It will result in excess supply of dollars in the foreign exchange market.

Choose the correct answer from the options given below :

CUET Economics PYQs

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