The reduction of the fixed official rate at which one currency is exchanged for another in a fixed exchange rate regime is termed:

Related MCQs

• The price at which one currency is exchanged for another currency is known as:
• When there is an official change in the exchange rate of domestic currency, then it is called
• The reduction in value of an asset as reduction in the value of currency is known as:
• Under flexible exchange rate system, the exchange rate is determined by -
• A currency having a falling exchange rate due to continuing balance of payments deficit is called a-
• A currency whose exchange rate is influenced by the government is a/an -
• The reduction in the useful life of a capital good or consumer good through economic or technological change as distinct from physical deterioration in use is termed as:
• Pegging up of a currency means, fixing the value of a currency -
• 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:
• The currency traded in a foreign exchange market for which demand is persistently high relative to supply is called: