Question

Lowering country’s currency in terms of foreign currency by the government of any country is known as:
(a) Revaluation
(b) Devaluation
(c) Demonetization
(d) Monetization

Answer 1

Answer:

b) Devaluation

Explanation:

Devaluation is an official lowering of the value of a country's currency within a fixed exchange-rate system, in which a monetary authority formally sets a lower exchange rate of the national currency in relation to a foreign reference currency or currency basket.