Economics · Exchange Rate and Currency Valuation
In international economics, currency devaluation refers to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Increase in the value of domestic currency by the government
- 2Decrease in the value of domestic currency caused by market forces
- 3Decrease in the value of domestic currency by official government decision✓
- 4Increase in the total exports of a nation
Correct answer
Decrease in the value of domestic currency by official government decision
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