Economy, asked by ashmidev007, 4 months ago

Distinguish between Devaluation and Depreciation of Domestic currency.

Answers

Answered by jagannathpani765

1

Answer:

A Devaluation occurs when a country makes a conscious decision to lower its exchange rate in a fixed or semi-fixed exchange rate.

A Depreciation is when there is a fall in the value of a currency in a floating exchange rate.

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