CUET Economics - Under flexible exchange rate, when the price of domestic currency in terms of foreign currency increases, it is called : | PYQs + Solutions

CUET Economics

Macro

Easy

Depreciation of domestic currency

Appreciation of domestic currency

Devaluation of domestic currency

Revaluation of domestic currency

✅ Correct Option: 2

Related questions:

2 June Shift 1

Balance of Payments of an economy records.

26 May Shift 2

A country whose aggregate demand grows faster than the rest of the world's normally finds its currency______.

28 May Shift 1

Foreign exchange reserves are ample, means?

Reserve is sufficient to purchase goods and services from abroad.
Anticipated demand for foreign goods and services can be met through incumbent foreign exchange reserve.
Supply of foreign reserves is more than demand of foreign reserves.
Government is confident about present and future need of foreign reserve.

CUET Economics PYQs