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Question : 10
Total: 49
Suppose, the price of one UK Pound ( £ ₹ 70 ₹ 80
This means that value of Indian Currency (₹) has _____.
(Choose the correct alternative)
This means that value of Indian Currency (₹) has _____.
(Choose the correct alternative)
Solution:
(c) depreciated
Explanation: Depreciation of domestic currency means fall in the value of domestic currency in relation to foreign currency due to market forces. It means that purchasing power of Indian currency i.e., Rupee has fallen. Now India has to pay₹ 80
Explanation: Depreciation of domestic currency means fall in the value of domestic currency in relation to foreign currency due to market forces. It means that purchasing power of Indian currency i.e., Rupee has fallen. Now India has to pay
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