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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Elucidate how the efficiency might increase when two firms merge? Answer: If the two firms merge, their joined efficiency is expected to enhance owing to:
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