Economics · Currency Concepts
In macroeconomic terms, 'Devaluation' of a currency refers to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The complete replacement of old currency notes with new currency notes
- 2A persistent rise in the general price level of goods and services within an economy
- 3A decrease in the value of the currency due to market forces of demand and supply
- 4Lowering the official value of the domestic currency relative to foreign currencies by the monetary authority✓
Correct answer
Lowering the official value of the domestic currency relative to foreign currencies by the monetary authority
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