Devaluation of a currency means:

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Economics · Macroeconomics

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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reduction in the value of a currency vis-a-vis major internationally traded currencies

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Mahatma Gandhi's last fast unto death in 1948 was primarily against which of the following?

What was the primary meaning of 'Swaraj' as popularized by Mahatma Gandhi during India's independence movement?

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Answer 1

reduction in the value of a currency vis-a-vis major internationally traded currencies

Answer 2

permitting the currency to seek its worth in the international market

Answer 3

fixing the value of the currency in conjunction with the movement in the value of a basket of pre -determined goods

Answer 4

fixing the value of currency in multilateral consultation with the IMF and World Bank

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