A person's deliberate decision to reduce the value of her currency is called
COMMERCE
WAEC 2013
A person's deliberate decision to reduce the value of her currency is called
- A. deregulation
- B. inflation
- C. devaluation
- D. revaluation
Correct Answer: C. devaluation
Explanation
Devaluation; the reduction in the official value of a currency in relation to other currencies.
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