Skip to content

What is called the reduction in the rate of a currency?

  1. Devolution
  2. Devaluation
  3. Cut-rate
  4. Price cap

Devaluation is the deliberate downward adjustment of the value of a country’s money relative to another currency, or currency standard.

Post Views: 96
Tags:

Leave a Reply

Your email address will not be published. Required fields are marked *