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Devaluation and depreciation of currency are one or the same thing.
  • a)
    True
  • b)
    False
  • c)
    Partially true
  • d)
    Incomplete statement
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Devaluation and depreciation of currency are one or the same thing.a)T...
Both devaluation and depreciation means decrease in the value of domestic currency however, devaluation is a component of fixed exchange rate system while depreciation is component of floating exchange rate system.
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Devaluation and depreciation of currency are one or the same thing.a)Trueb)Falsec)Partially trued)Incomplete statementCorrect answer is option 'B'. Can you explain this answer?
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