Foreign Exchange Rate — Practice Quiz
ICSE · Class 12 · Economics
Try a 4-question quiz on Foreign Exchange Rate for ICSE Class 12 Economics: tap an answer to check it and see why. 70 questions in the full chapter test.
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Quick Quiz: Foreign Exchange Rate
0/4Tap an answer to check it instantly. No sign-up needed for these 4.
What is foreign exchange for India?
What is the rate of exchange?
Which example correctly shows an exchange rate of one US dollar to Indian rupees?
What happens to the domestic currency under depreciation in a flexible exchange rate system?
Sample Questions
What happens to the domestic currency under appreciation in a flexible exchange rate system?
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Its free market value rises relative to other currencies
Appreciation means a rise in the free market value of domestic currency relative to currencies of other countries.
What is devaluation?
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Government action to decrease the value of domestic currency under fixed exchange rates
Devaluation is an official government action that lowers the value of domestic currency under a fixed exchange rate system.
What is revaluation?
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Government action to appreciate the external value of its currency under fixed exchange rates
Revaluation is the official action by the government to increase the external value of its currency under fixed exchange rates.
Which terms are used when exchange rates are flexible?
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Depreciation and appreciation
Depreciation and appreciation are the terms used under flexible exchange rate systems.
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