1
Question
What Is Devaluation?
What Is Devaluation?
Open in App
Solution
Devaluation is the decision to reduce the value of a currency at a fixed exchange rate. A devaluation means that the value of the currency falls.
A devaluation means that the value of the currency falls. Domestic residents will find imports and foreign travel more expensive. However, domestic exports will benefit from their exports becoming cheaper.
Explore more such questions and answers at BYJU’S.
Devaluation is the decision to reduce the value of a currency at a fixed exchange rate. A devaluation means that the value of the currency falls.
A devaluation means that the value of the currency falls. Domestic residents will find imports and foreign travel more expensive. However, domestic exports will benefit from their exports becoming cheaper.
Explore more such questions and answers at BYJU’S.
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
