Economics · International Economics
What is meant by the 'Devaluation of Currency'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Deliberately lowering the exchange value of a currency against other currencies✓
- 2Increasing the purchasing power of the currency
- 3The automatic appreciation of currency due to high exports
- 4The reduction in circulation of physical notes
Correct answer
Deliberately lowering the exchange value of a currency against other currencies
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