Question : When domestic currency gains value in relation to a foreign currency in the international market, it is termed as a situation of:
Option 1: Currency Depreciation
Option 2: Currency Appreciation
Option 3: Currency Devaluation
Option 4: None
Answer (1)
22nd Jan, 2024
Correct Answer:
Currency Appreciation
Solution : The correct answer is (b) Currency Appreciation.
When the domestic currency gains value in relation to a foreign currency in the international market, it is termed as a situation of currency appreciation.
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