New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    In which of the following market does devaluation of

    currency happen?
    A Fixed exchange rate Correct Answer Incorrect Answer
    B Floating exchange rate Correct Answer Incorrect Answer
    C Pegged exchange rate Correct Answer Incorrect Answer
    D Either A or B Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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