A fall in the value of a country s currency vis... - JAMB Commerce 2019 Question
A fall in the value of a country's currency vis-a-vis other currencies is known as__________
A
Depreciation
B
Reduction
C
Devaluation
D
Exchange rate
correct option: c
Devaluation in macroeconomics and modern monetary policy, a devaluation is an official lowering of the value of a country's currency within a fixed-exchange-rate system, in which a monetary authority formally sets a lower exchange rate of the national currency in relation to a foreign reference currency or currency basket. Wikipedia
Please share this, thanks:
Add your answer
No responses