A devaluation of a currency means that the exchange rate (price of that currency)has changed to a lower fixed rate.

Name: A devaluation of a currency means that the exchange rate (price of that currency)has changed to a lower fixed rate.
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

A devaluation of a currency typically means that the exchange rate of that currency has been intentionally lowered in relation to other currencies, resulting in a lower fixed rate for that currency. This is often done to encourage exports and reduce imports.

A Devaluation of a Currency Means That the Exchange Rate