MCQOPTIONS
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| 1. |
Devaluation of a currency means |
| A. | Reduction in the value of a currency vis-a-vis major internationally traded currencies |
| B. | Permitting the currency to seek its worth in the international market |
| C. | Fixing the value of the currency in conjunction with the movement in the value of a basket of pre-de |
| D. | Fixing the value of currency in multilateral consultation with the imf, the world bank and major tra |
| Answer» B. Permitting the currency to seek its worth in the international market | |