A change from Rs. 140 = 2 £ to Rs. 60 = 1 £ indicates that Rs. is
A)Appreciated
B)Depreciated
C)Neither
D)Either (a) or (b)

Name: A change from Rs. 140 = 2 £ to Rs. 60 = 1 £ indicates that Rs. is A)Appreciated B)Depreciated C)Neither D)Either (a) or (b)
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Question

Quizplus · Accepted Answer

The change from Rs. 140 = 2 £ to Rs. 60 = 1 £ indicates that the value of the Rupee has increased relative to the Pound, meaning the Rupee has appreciated.

A Change from Rs