A devaluation is an action taken by the international monetary fund.

Question

Quizplus · Accepted Answer

A devaluation is not an action taken by the International Monetary Fund. Devaluation is the deliberate downward adjustment of the value of a currency against another currency or a basket of currencies, usually by a central bank or government. The International Monetary Fund may provide loans or guidance to countries experiencing economic difficulties, but they do not directly devalue currencies.

A Devaluation Is an Action Taken by the International Monetary