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What s devalution or revalution?

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What s devalution or revalution?

Posted by Jhalak Gupta 6 years, 10 months ago

CBSE > Class 12 > Economics

1 answers

Tanu Saharawat 6 years, 10 months ago

DEVALUATION:- When more unit of domestic currency are require to get one more unit of foreign exchange under fix exchange rate system it is known as devaluation of domestic currency in terms of foreign currency REVALUATION :- When less unit of domestic currency are require to get 1 more unit of foreign currency it is known as revaluation of domestic currency in terms of foreign currency

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