Devaluation of currency stands for _____? – McqOptions

MCQOPTIONS

1.	Devaluation of currency stands for _____?
A.	decrease in the value of domestic currency in terms of foreign currency
B.	keeping value of domestic currency as constant in terms of foreign currency
C.	Devaluation of currency stands for _____ a) increase in the value of domestic currency in terms of foreign currency
D.	none of these
Answer» B. keeping value of domestic currency as constant in terms of foreign currency

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