A fall in the value of a country's currency vis-a-vis other currencies is known as__________

Assessment: JAMB UTME - Commerce - 2019 Subject: Commerce

Question 1 Report

A fall in the value of a country's currency vis-a-vis other currencies is known as__________
Answer Details
Devaluation is the lowering of the exchange value of a country's currency against other currencies. This makes import to be expensive and import to be more attractive.
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