Economics · Monetary Policy
What does devaluation of currency mean?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Increase in the value of currency
- 2Reduction in the value of domestic currency relative to other currencies✓
- 3Increase in the value of gold
- 4Decrease in the value of gold
Correct answer
Reduction in the value of domestic currency relative to other currencies
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