A person's deliberate decision to reduce the value of her currency is called

Assessment: WAEC SSCE - Commerce - 2013 (Objective) Subject: Commerce

Question 1 Report

A person's deliberate decision to reduce the value of her currency is called

Answer Details
When a person intentionally decides to reduce the value of their currency, this is known as "devaluation". This is often done by a country's government or central bank in order to make their goods and services cheaper when sold to other countries. By reducing the value of their currency, they can make their exports more competitive in the global market, while making imported goods more expensive for domestic consumers. In other words, "devaluation" is the correct answer.
Read lesson note on Money (JAMB)
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