Economics · Monetary Policy and Currency
What does the term 'devaluation' mean in economic policy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The total ban on the use of foreign currencies within domestic borders
- 2The process of printing new banknotes to replace worn-out currency
- 3The deliberate downward adjustment of the official value of a domestic currency relative to foreign currencies✓
- 4The deliberate administrative increasing of the value of a domestic currency
Correct answer
The deliberate downward adjustment of the official value of a domestic currency relative to foreign currencies
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