Economics · Macroeconomics
What is meant by the devaluation of a currency?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Decrease in the official price of gold
- 2Increase in the official price of gold
- 3Reduction in the value of domestic currency relative to foreign currencies✓
- 4Increase in the internal purchasing power of the currency
Correct answer
Reduction in the value of domestic currency relative to foreign currencies
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