An official reduction in the value of home currency in terms of foreign currency is known as:

Related MCQs

• The cost expressed not in terms of money but in terms of efforts of workers undergone for making the commodity
• As the value of MPC increases, the value of multiplier:
• If the value of a variable varies as a consequence of the variation in the value of some other variable, it is called:
• The first economist who coined the terms micro economics and macroeconomics
• In the Cambridge equation of M = kPR, the value of k is:
• In a closed economy, the value of multiplier , when MPC is 0.90
• Psychological law of consumption states that the value of MPC is lies between zero and
• When MPC = 0.5, the value of multiplier is
• Value of MPC is
• The value of ‘intermediate goods’ are excluded from GDP calculation because: