Question

    Lowering the value of a country's currency relative to a

    foreign reference currency is called: 
    A Devaluation Correct Answer Incorrect Answer
    B Revaluation Correct Answer Incorrect Answer
    C Downward valuation Correct Answer Incorrect Answer
    D Negative valuation Correct Answer Incorrect Answer

    Solution

    Devaluation refers to the deliberate lowering of a country's currency value in relation to another currency. It is typically done by the government or central bank to make exports cheaper and imports more expensive.

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