Devaluation refers to ______.
A)reduction in the value of a currency
B)drop in market value for a company
C)reduction in the price of a product
D)loss of market share for a product

Question

Quizplus · Accepted Answer

Devaluation refers to a reduction in the value of a currency. This often occurs when a government decides to lower the value of its currency in relation to other currencies in order to increase exports or reduce trade deficits.

Devaluation Refers to ______