2203EconomicsMedium
Devaluation means?
ALowering of the value of one currency in comparison of some foreign currency
BMaking rupee dearer in comparison to some foreign currency
CNone of these
DConverting rupee into gold
Correct answer
A. Lowering of the value of one currency in comparison of some foreign currency
Explanation
The correct answer is Lowering of the value of one currency in comparison of some foreign currency.