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- Subject
- International Relationsinternational-relations
- Published
- 16 May 2024
- Last updated
- 28 May 2026
What is the term for a single country's action to lower the value of its currency by adjusting a fixed or official exchange rate?
Multiple choice question for International Relations. Select an option, then review the explanation below.
Explanation
Devaluation refers to a country's deliberate reduction of its currency's value by modifying a fixed or official exchange rate, unlike revaluation, which increases it.
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