Question : ________, shows that unit price of foreign currency has increase i.e., domestic currency has depreciated.
Option 1: Increase in demand
Option 2: Decrease in demand
Option 3: Increase in supply
Option 4: Decrease in supply
Answer (1)
15th Jan, 2024
Correct Answer:
Increase in demand
Solution : Increase in demand shows that unit price of foreign currency has increase i.e., domestic currency has depreciated.
Hence option A is correct.
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