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Wednesday, 28 October 2026
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Devaluation means
Classroom
Economics Classroom
Waec
Waec 1991
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Devaluation means
SchoolNGR Classroom
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
Show Answer
Show Explanation
Correct Answer:
Option C
Explanation:
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