NABTEB Commerce 2023 Objective — Question 17
Question 17 of 50 from the National Business and Technical Examinations Board (NABTEB) Commerce 2023 Objective paper, with the correct answer and a full explanation.
Advertisement
Deliberately raising the official value of a country's currency relative to other currencies is called (a) devaluation (b) inflation (c) deflation (d) revaluation
- A. devaluation
- B. inflation
- C. deflation
- D. revaluationCorrect
Explanation
Revaluation is a deliberate act by a government to raise the official value of its currency, which can reduce exports and make imports cheaper.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.