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:

27 May Shift 2

...... in which national currencies are traded for one another.

3 June Shift 1

Which of the following statements is true?

If exchange rate changes from $1 = ₹85 to$ 1 = ₹90

(A) Imports will fall.

(B) Imports will rise.

(D) National income will rise.

Choose the correct answer from the options given below:

3 June Shift 1

The measurement of Balance of Payments deficit is based on ___________ transactions.

CUET Economics PYQs