'Devaluation' means:

A ) Converting rupee into gold

B ) Lowering of the value of one currency in comparison of some foreign currency ✅

C ) Making rupee dearer in comparison to some foreign currency

D ) None of these

Related Questions
  1. The best means of saving during inflation is to keep:
  2. Which of the following can be used for check inflation temporarily?
  3. Which economic term describes the takeover of one textile manufacturer by another?
  4. Which function is performed by both commercial banks and central banks?
  5. Inflationary Gap is a situation characterized by:
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