what are devaluation and revaluation
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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. For example, suppose a government has set 10 units of its currency equal to one dollar.
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Answer:
Devaluation, the deliberate downward adjustment in the official exchange rate, reduces the currency's value
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