Devaluation and depreciation of domestic currency
Distinguish among devaluation and depreciation of domestic currency
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Whenever Government or authorities decrease the price of domestic currency in terms of all foreign currencies is termed as devaluation.
The fall/down in market price of domestic currency (that is, due to demand supply in the market) in terms of a foreign currency is termed as depreciation.
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The thought that the desire of people to purchase goods is culturally recognized as opposed to the price determined is the vision of: (i) Irving Fisher. (ii) Karl Marx. (iii) Thorstein Veblen. (iv) Ludwig von Mises. (v) Antoine Augustin. Discover Q & A Leading Solution Library Avail More Than 1448392 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1926114 Asked 3,689 Active Tutors 1448392 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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