Economics (M.Phil./Ph.D.) 2014 Panjab University Entrance Exam With Answers

Practice Mode:
22.

Find out the correct statement out of the following :

A: depreciation of currency is decided by Govt., but devaluation occurs on its own
B: depreciation occurs in case of a currency that is on fixed exchange rate regime
C: devaluation occurs in case of a currency that is on flexible exchange rate regime
D: depreciation occurs in case of a currency that is on flexible exchange rate regime

The answer is: D

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