Reducing the amount of gold backing a nation's monetary unit is called:

Name: Reducing the amount of gold backing a nation's monetary unit is called:
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Devaluation refers to the deliberate downward adjustment of a country's currency value relative to another currency, group of currencies, or standard. When a nation reduces the amount of gold backing its monetary unit, it is essentially devaluing its currency, as the intrinsic value of the currency is being reduced in terms of its gold content.

Reducing the Amount of Gold Backing a Nation's Monetary Unit