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Which statement best explains Currency depreciation?

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Question ID #26702 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 3 Medium

Which statement best explains Currency depreciation?

Correct Answer: B. Fall in the market value of a currency relative to another currency
Currency depreciation: Fall in the market value of a currency relative to another currency

Question: Which statement best explains Currency depreciation?

A. Contracting a business process to an external provider

B. Fall in the market value of a currency relative to another currency

C. Reduction of tariffs and non-tariff barriers to international trade

D. Development institution providing finance and knowledge for development

Correct Answer: B. Fall in the market value of a currency relative to another currencyCurrency depreciation: Fall in the market value of a currency relative to another currency

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Which statement best explains Currency depreciation? - MCQ Explanation

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Correct answer: B. Fall in the market value of a currency relative to another currency