Devaluation of currency means _____.

reduction in value of currency vis-a-vis other currencies

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

permitting currency to seek its worth in other markets

No worries! We‘ve got your back. Try BYJU‘S free classes today!

fixing value of currency

No worries! We‘ve got your back. Try BYJU‘S free classes today!

increase in value of currency vis-a-vis other currencies

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A reduction in value of currency vis-a-vis other currencies
Devaluation of currency means purposeful reduction of one's currency against the other country currency.
For example : Chinese Yuan is devaluated often against US Dollar.
Devaluation of currency is done by a country to have a upper hand in exports.

Suggest Corrections

Similar questions

The authorised reduction in the value of a currency against other currencies is known as:

Q17. Consider the following statements about Currency Wars:

1. A currency war refers to a situation where a number of nations seek to deliberately depreciate the value of their domestic currencies.

2. Currency wars are also known as competitive devaluations.

Which of the above statements are correct?

Devaluation of currency means

Join BYJU'S Learning Program