Question
The artificial raising of the value of kina against other currencies by the Bank of PNG is known as
A. Appreciation
B. depreciation
C. devaluation
D. revaluation
A. Appreciation
B. depreciation
C. devaluation
D. revaluation
Answers
Answered by
GPT-4o mini
The correct answer is **D. revaluation**.
Revaluation refers to the artificial increase in the value of a currency by the government or central bank, while depreciation and devaluation refer to decreases in currency value. Appreciation typically refers to an increase in currency value due to market forces.
Revaluation refers to the artificial increase in the value of a currency by the government or central bank, while depreciation and devaluation refer to decreases in currency value. Appreciation typically refers to an increase in currency value due to market forces.