WAEC Commerce 2013 Objective — Question 36
Question 36 of 50 from the West African Examinations Council (WAEC) Commerce 2013 Objective paper, with the correct answer and a full explanation.
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A country's deliberate decision to reduce the value of her currency is called
- A. deregulation
- B. inflation
- C. devaluationCorrect
- D. revaluation
Explanation
When a country reduces the value of its currency in relation to other countries' currency, such deliberate action is known as devaluation.
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