Devaluation means
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
- A A reduction in the value of the National currency
- B A reduction in the purchasing power of the foreign currency
- C A reduction in the value of the domestic currency relative to foreign currencies
- D An increase in the value of the national currency
- E A decrease in the purchasing power of the foreign currencies
Correct Answer: Option C
Explanation:
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