If the exchange rate changed from 2 $= R s . 135 t o 1.75$ = Rs. 105, which of the following is true?

The rupee has been revalued

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The rupee has been devalued

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The exchange rate has remained the same.

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The change cannot be determined.

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Solution

The correct option is A
The rupee has been revalued

We have 1 $= R s . 67.5 f i r s t a n d t h e n 1$ = Rs. 60, so the rupee has undergone revaluation.

Suggest Corrections

Similar questions

If the exchange rate changes from 1 $= R s . 100 t o 0.5$ = Rs. 50, which of the following has occurred for the rupee?

Suppose that 1$= Rs. 60.

The demand for rupees increases and then the exchange rate is such that 1$=Rs. 55. This is an example of which of the following:

3

p o u n d s t o

= 2

R s .95 = 2 U S

t o

R s . 140 = 2

R s . 60 = 1

R s . 25 = 1

t o

S i n g a p o r e

If real exchange rate has fallen, which of the following might be true?

R s . 45

U S

i n s t e a d o f p r e s e n t r a t e o f

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