Question

define devalotion of money with example​

Answer 1

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

✏ Countries that have a fixed exchange rate or semi-fixed exchange rate use this monetary policy tool.

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Answer 2

Devaluation is the deliberate downward adjustment of the value of a country's money relative to another currency, group of currencies, or currency standard. Countries that have a fixed exchange rate or semi-fixed exchange rate use this monetary policy tool....

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