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प्रश्न
What is Revaluation under a Fixed Exchange Rate System?
विकल्प
Increase in demand for foreign currency
Higher national income increasing imports
Official increase in exchange rate; domestic currency becomes cheaper
Official decrease in exchange rate; domestic currency becomes costlier
MCQ
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उत्तर
Revaluation is an official decrease in the exchange rate under a Fixed Exchange Rate System. It makes the domestic currency costlier.
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