Revaluation occurs when monetary authorities

Question

Quizplus · Accepted Answer

Revaluation refers to the increase in the value of a country's currency under a fixed exchange rate. In a fixed exchange rate system, a country's central bank or monetary authority may adjust the exchange rate by buying its own currency in the foreign exchange market to increase its value. This can be done to achieve various objectives, such as reducing inflation or improving a country's balance of payments.

Revaluation Occurs When Monetary Authorities