Practicing Success
Match the following statements in Column I with correct terms in Column II: |
i-c, ii-a, iii-d, iv-b i-c, ii-a, iii-b, iv-d i-c, ii-d, iii-a, iv-b i-c, ii-b, iii-d, iv-a |
i-c, ii-a, iii-d, iv-b |
If the value of domestic currency is changed by the actions of RBI it is called devaluation (decrease in value) or revaluation (increase in value). If market forces of demand and supply influence the value of domestic currency, it is depreciation (decrease in value) or appreciation (increase in value). |