Devaluation means

Devaluation means
  • A.
    a reduction in the value of the National currency
  • B.
    a reduction in the purchasing power of the foreign currency
  • C.
    a reduction in the value of the domestic currency relative to foreign currencies
  • D.
    an increase in the value of the national currency
  • E.
    a decrease in the purchasing power of the foreign currencies
Correct Answer: Option C
Explanation
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