Question

The artificial raising of the value of the kina against other currencies by the Bank of Papua New Guinea is known as?
A) appreciation
B)Depreciation
C)Devaluation
D)Revaluation
Which is the correct answer?

Answer 1

The correct answer is D) Revaluation.

Revaluation refers to the intentional increase in the value of a currency against other currencies, typically done by the country's central bank. In this case, the Bank of Papua New Guinea would be revaluing the kina.