WAEC Commerce 2015 Objective — Question 27
Question 27 of 50 from the West African Examinations Council (WAEC) Commerce 2015 Objective paper, with the correct answer and a full explanation.
Advertisement
The reduction in value of a country's currency in relation to others is
- A. revaluation
- B. devaluationCorrect
- C. inflation
- D. deflation
Explanation
When a country's currency is reduced in relation to other country's, such currency is devalued.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.