Question

Devaluation of a currency means

A. reduction in the value of a currency vis-a-vis major internationally traded currencies

B. permitting the currency to seek its worth in the international market

C. fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies

D. fixing the value of currency in multilateral
consultation with the IMF, the World Bank and major trading partners


correct option ???​

Answer 1

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➡❤ Correct option is A

➡.Reduction in the value of a currency vis-a-vis major internationally traded currencies✓✓

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Answer 2

(A)option is correct ✓✓✓❣️❣️

Reduction in the value of a currency vis-a-vis major internationally traded currencies.

It is because,Currency devaluation is a deliberate downward adjustment of the value of a country's currency against another currency.

Devaluation is a tool used by monetary authorities to improve the country's trade balance by boosting exports at moments when the trade deficit may become a problem

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