The reduction in the value of a country s curre... - JAMB Economics 2018 Question
The reduction in the value of a country’s currency in relation to the value of the currencies of other nation is known as____________
A
Deflation
B
Inflation
C
Devaluation
D
Revaluation
correct option: c
Devaluation is the reduction in the official value of a currency in relation to other currencies.
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