Question : It refers to decrease in the value of domestic currency in terms of foreign currency by the government.
Option 1: Depreciation
Option 2: Appreciation
Option 3: Revaluation
Option 4: Devaluation
Answer (1)
24th Jan, 2024
Correct Answer:
Devaluation
Solution :
Currency devaluation refers to decrease in the value of domestic currency in terms of foreign currency by the government.
Hence Option D is correct.
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