Question 3
EasyOriginal questionRead the two statements and choose the correct option.
I. A rise in the rupee price of a dollar means the rupee has appreciated.
II. When the rupee depreciates, foreign holidays become costlier for Indians.
Show the answer and explanation
CorrectNot quiteAnswer B
Correct answer: B
Explanation
More rupees per dollar is a depreciation of the rupee. I is false.
Each dollar spent abroad now costs more rupees. II is true.
- Concept
- Reading exchange rate changes
- Typical timeTypical
- 40 s
- Your timeYours
- —
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