Under a fixed exchange rate system, ____________________are official changes in the value of a country's currency relative to other currencies.
A) devaluation
B) depreciation and appreciation
C) revaluation
D) both a and c
Correct Answer:
Verified
Q13: Incidence of tax means:
A)direct money burden
B)indirect money
Q14: Which is the tax shifting
A)to bear the
Q15: The equity principle of taxation was propounded
Q16: BOP includes
A)current account
B)capital account
C)official reserve account
D)all the
Q17: International trade refers to trade between
A)two regions
Q19: _ is the deliberate downward adjustment in
Q20: A _is an upward adjustment in the
Q21: Which among following is NOT an implication
Q22: Which among following is an implication of
Q23: Devaluation leads to
A)increasing the price of imports
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