is lowering the value of a nation's currency relative to other currencies.

Question

Quizplus · Accepted Answer

Devaluation is the intentional action of reducing the value of a country's currency relative to other currencies. This can be done by implementing monetary policies, such as decreasing interest rates or increasing the money supply, which can cause inflation and reduce the value of the currency. A lower currency value can make a country's exports cheaper, which can increase demand and boost the economy.

Is Lowering the Value of a Nation's Currency Relative to Other