Economics · Devaluation of Currency
What is meant by the term 'Devaluation of Currency'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1A decline in the purchasing power of currency due to internal inflation
- 2Replacing old currency notes with new currency notes
- 3Increase in the value of domestic currency relative to major foreign currencies
- 4Reduction in the value of domestic currency relative to major foreign currencies✓
Correct answer
Reduction in the value of domestic currency relative to major foreign currencies
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Devaluation of Currency MCQs →Want more practice questions on Devaluation of Currency?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Devaluation of Currency