The reduction in value of an asset as reduction in the value of currency is known as:

Related MCQs

• Pegging up of a currency means, fixing the value of a currency -
• The price at which one currency is exchanged for another currency is known as:
• The reduction of the fixed official rate at which one currency is exchanged for another in a fixed exchange rate regime is termed:
• The lowering of the value of a currency in the international market or against specific other currencies, which makes exports cheaper and imports expensive is called:
• The type of currency issued by government as legal tender the value of which is based solely on decree or law rather than actual coin or precious metal reserves is termed as:
• Claims on another country held in the form of the currency of that country are known as:
• The outcome of 'devaluation of currency' is -
• A currency having a falling exchange rate due to continuing balance of payments deficit is called a-
• When there is an official change in the exchange rate of domestic currency, then it is called
• If a country devalues its currency, its - (1)