12th Class Economics Foreign Exchange Rate Question Bank MCQs - Foreign Exchange Rate

  • question_answer
    Devaluation of currency means:

    A) reduction in the value of foreign currency by the government

    B) reduction in the value of domestic currency in terms of foreign currency

    C) reduction in the value of domestic currency by force

    D) None of the above

    Correct Answer: B

    Solution :

    [b] reduction in the value of domestic currency in terms of foreign currency


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