Discussion :: Indian Economy
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Devaluation of a currency means
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A.
reduction in the value of a currency vis-a-vis major internationally traded currencies
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B.
permitting the currency to seek its worth in the international market
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C.
fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies
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D.
fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners
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Answer : Option A
Explanation :
No answer description available for this question.
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