Question:
Devaluation means
Devaluation means
Updated On: Jan 30, 2025
- Rise in the general level of prices
- Decrease in the value of money in terms of foreign currency
- Decrease in the purchasing power of money
- Quantity of money is exceeding the amount of goods
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The Correct Option is B
Solution and Explanation
Devaluation refers to the deliberate downward adjustment of a country's currency value relative to other currencies or a standard, typically within a fixed exchange rate system. It is a monetary policy tool used by governments to enhance the competitiveness of their exports and manage trade imbalances.
The correct option is (B): Decrease in the value of money in terms of foreign currency
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