Question 32
MediumOriginal questionMatch each term with its meaning.
| List I | List II |
|---|---|
| A. Depreciation | I. Market-driven rise in a currency's value |
| B. Appreciation | II. Government raises the fixed value of its currency |
| C. Devaluation | III. Market-driven fall in a currency's value |
| D. Revaluation | IV. Government lowers the fixed value of its currency |
Show the answer and explanation
CorrectNot quiteAnswer D
Correct answer: D
Explanation
Depreciation and appreciation happen under floating rates; devaluation and revaluation are decisions under a fixed rate.
- Concept
- Four terms
- Typical timeTypical
- 90 s
- Your timeYours
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