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Open Economy Macroeconomics — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsOpen Economy Macroeconomics1 Mark
Question
Define revaluation of currency.
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Answer

Revaluation refers to increase in the value of domestic currency by the central government. It is a part of fixed exchange rate.

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