WAEC Commerce 2023 Objective — Question 28
Question 28 of 50 from the West African Examinations Council (WAEC) Commerce 2023 Objective paper, with the correct answer and a full explanation.
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A reduction in the value of a country's currency in relation to that of other countries is A. inflation.
- A. inflation
- B. deflation
- C. devaluationCorrect
- D. revaluation
Explanation
When the value of the currency declines in relation to other currencies, such is termed devaluation of currency.
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