________ refers to the government reduction of its currency value relative to the other currency values.

Name: ________ refers to the government reduction of its currency value relative to the other currency values.
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

Devaluation is the deliberate downward adjustment of a country's currency value, typically by its government or central bank, relative to other currencies. This is often done to improve a country's trade balance by making exports cheaper and imports more expensive.

________ Refers to the Government Reduction of Its Currency Value