If the exchange rate changes from 1=Rs.100to0.5= Rs. 50, which of the following has occurred for the rupee?
Devaluation
Revaluation
Appreciation
Depreciation
None of the above
The exchange rate has remained the same.
If the exchange rate changed from 2=Rs.135 to 1.75 = Rs. 105, which of the following is true?
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: