Devaluation means
ECONOMICS
WAEC 1991
Devaluation means
- A. a reduction in the value of the National currency
- B. a reduction in the purchasing power of the foreign currency
- C. a reduction in the value of the domestic currency relative to foreign currencies
- D. an increase in the value of the national currency
Correct Answer: C. a reduction in the value of the domestic currency relative to foreign currencies
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