Practice mode Basic of Economics

What is the term for an official reduction in the rate at which a country’s currency exchanges for other currencies on international markets?

Correct answer A. Devaluation

Explanation

Devaluation is a deliberate downward adjustment of a currency's official exchange rate by its government or central bank, typically under a fixed or pegged exchange rate system.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.