Devaluation of currency stands for | Faculties

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Mr. Dubey

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📊 Banking Services Management (BSM)

Q. Devaluation of currency stands for

(A) reducing the value of internal currency in terms of foreign currency
(B) increasing the value of indian currency in terms of foreign currency
(C) keeping the value of internal currency constant in terms of foreign currency
(D) none of these

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✅ Correct Answer: (A) reducing the value of internal currency in terms of foreign currency

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