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When there is an official change in the exchange rate of domestic currency, then it is called                        
  • a)
    Appreciation     
  • b)
    Depreciation    
  • c)
    Revaluation     
  • d)
    Deflation
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
When there is an official change in the exchange rate of domestic curr...
A revaluation is a calculated upward adjustment to a country's official exchange rate relative to a chosen baseline, such as wage rates, the price of gold, or a foreign currency. In a fixed exchange rate regime, only a country's government, such as its central bank, can change the official value of the currency.
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When there is an official change in the exchange rate of domestic curr...
Deflation is answer
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When there is an official change in the exchange rate of domestic currency, then it is called a)Appreciation b)Depreciation c)Revaluation d)DeflationCorrect answer is option 'C'. Can you explain this answer?
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