Question : It refers to increases in the value of domestic currency in terms of foreign currency.
Option 1: Depreciation
Option 2: Appreciation
Option 3: Revaluation
Option 4: Devaluation
Answer (1)
22nd Jan, 2024
Correct Answer:
Appreciation
Solution :
Currency appreciation refers to increase in the value of domestic currency in terms of foreign currency.
Hence Option B is correct.
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