Question

If at present \$1 = ₹ 95 and later $1 = ₹ 80, it is a case of ______.

Options

• appreciation of currency.

• devaluation of currency.

• depreciation of currency.

• supply of currency.

Answer 1

If at present \$1 = ₹ 95 and later $1 = ₹ 80, it is a case of appreciation of currency.

Explanation:

Currency appreciation occurs when the value of a domestic currency increases in comparison to a foreign currency.