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Question : When domestic currency gains value in relation to a foreign currency in the international market, it is termed as a situation of:

Option 1: Currency Depreciation
 

Option 2: Currency Appreciation
 

Option 3: Currency Devaluation

 

Option 4: None


Team Careers360 19th Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: Currency Appreciation
 


Solution : The correct answer is (b) Currency Appreciation.

When the domestic currency gains value in relation to a foreign currency in the international market, it is termed as a situation of currency appreciation.

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