Art, asked by kumarmanish3440, 9 months ago

describe the cause of disintegration of value while defining the devaluation with respect to value​

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Answered by harshita620911
0

Answer:

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. It is often confused with depreciation and is the opposite of revaluation, which refers to the readjustment of a currency's exchange rate.

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