CUET Preparation Today
CUET
Economics
Macro Economics: Open Economy Macro Economics
"First of all I would look at it as not rupee sliding, I would look at it as dollar strengthening, dollar strengthening incessantly" said Nirmala Sitaraman after attending the Annual meetings of the IMF and the world Bank Based on the above passage, answer the questions mentioned below : |
Strengthening of dollar reflects : |
Appreciation of domestic currency No change of domestic currency Appreciation of US dollar Depreciation of US dollar |
Appreciation of US dollar |
The correct answer is option (3) : Appreciation of US dollar When someone refers to the "dollar strengthening, " it means the value of the U.S. dollar is increasing in relation to other currencies, indicating appreciation of the U.S. dollar. |