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WAEC Commerce 2013 Question 36

Question 36

Foreign Trade

A country's deliberate decision to reduce the value of her currency is called

  1. A.deregulation.
  2. B.inflation.
  3. C.devaluation.
  4. D.revaluation.
Show the answer and explanation

Answer: C (devaluation.)

Explanation

Devaluation is an official reduction of a currency's value.