What does the term 'Currency Devaluation' mean in international economics?

Question

Economics · Economy

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Share:

Correct answer

Deliberate reduction in the value of domestic currency relative to foreign anchor currencies

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on Economy?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in Economics · Economy

The Dandi March, also known as the Salt Satyagraha, was led by which influential leader?

Which act formally granted independence to India, marking the end of British rule?

Who was the key figure in establishing the Indian National Congress?

Answer 1

Increase in the official value of domestic currency relative to foreign currencies

Answer 2

Deliberate reduction in the value of domestic currency relative to foreign anchor currencies

Answer 3

Fixing the exchange rate at a permanent value

Answer 4

Phasing out of old currency notes

Related Practice Questions