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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A demand curve which is perfectly price elastic is demonstrated into: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D. Discover Q & A Leading Solution Library Avail More Than 1454691 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1923355 Asked 3,689 Active Tutors 1454691 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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