A. Converting rupee into gold
B. Lowering of the value of one currency in comparison of some foreign currency
C. Making rupee dearer in comparison to some foreign currency
D. None of these
Related Mcqs:
- Devaluation of currency can help to increase exports if elasticity of demand of exportable items in other countries is ?
A. Less than one
B. Greater than one
C. Equal to one
D. Zero - Mention an international trade policy competitive devaluation and increased protective barriers that one country institute to gain at the expense of its trading partners ?
A. Nationalist policy
B. Domestic policy
C. Protectionist policy
D. Beggar-thy-beighbour - Devaluation of currency helps to promote ?
A. National income
B. Saving
C. Imports at lower cost
D. Exports - The competitive advantage from a devaluation is likely to be offset by _______ and ________?
A. higher import prices, higher wages increases
B. lower export prices, lower imports volumes
C. higher import prices, lower export prices
D. higher wage increases lower import volumes - Which approach predicts that is an economy operates a full employment and faces trade deficit currency devaluation will improve the trade balance only if domestic spending is cut thus freeing resources to produce exports ?
A. the absorption approaches
B. the Marshall Lerner approach
C. the monetary approach
D. the elasticities approach - The analysis considers the ability of domestic and foreign price of adjust to devaluation in the short run ?
A. pass through
B. absorption
C. adjustment mechanism
D. currency contract period - The analysis considers the ability of domestic and foreign price of adjust to devaluation in the short run ?
A. pass through
B. absorption
C. adjustment mechanism
D. currency contract period - Endorsement means anything written upon the back of the document What does means by Endorse ?
A. To verify signature
B. To verify the person holding cheque
C. To sign one’s name upon the back of cheque
D. To sign one’s name upon the front of cheque - Transfer payments means ?
A. Bank loans
B. The payment without work
C. Tax payments
D. Payments made to all factors of production - Velocity of circulation of money means ?
A. The number of times a unit of money changes hands daily
B. The number of times as unit of money changes hands monthly
C. The number of times a unit of money changes hands annually
D. The number of times a unit of money changes value
