Question

Devaluation of currency means

1.Fixing the value of currency in multilateral consultation with IMF and WORLD BANK

2.Permitting the currency to seek its worth in the international market

3.Reduction in the value of domestic currency in relation of other currency

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Answer 1

Answer:

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Explanation:

Photosynthesis : The process by which green plants and other green organisms prepare their food own by getting water and nutrients from soil, sunlight from sun and in presence of carbon dioxide and chlorophyll they can prepare. Humans and other non-green organisms can't do this process because they didn't have chlorophyll that is why only plants and other green organisms can prepare their food own.

Answer 2

Devaluation, the deliberate downward adjustment in the official exchange rate, reduces the currency's value; in contrast, a revaluation is an upward change in the currency's value. ... To devalue, it might announce that from now on 20 of its currency units will be equal to one dollar.