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    Question

    Assume that exchange rate between the US Dollar and

    Indian Rupee is $1= ₹55. Now if this exchange rate increases to $1 = ₹60, then in this case the Indian Rupee has ____ in comparison to the US dollar.
    A Depreciated Correct Answer Incorrect Answer
    B Appreciated Correct Answer Incorrect Answer
    C Demonetised Correct Answer Incorrect Answer
    D Overvalued Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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