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

Appreciation

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Revaluation

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Devaluation

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Depreciation

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Solution

The correct option is C
Devaluation

Devaluation occurs under the authorisation while depreciation occurs due to the market forces.

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Similar questions

Distinguish between devaluation and depreciation of domestic currency.

Differentiate between appreciation and depreciation of domestic currency.

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