Question 8

Devaluation means

  • A.a reduction in the value of the National currency
  • B.a reduction in the purchasing power of the foreign currency
  • C.a reduction in the value of the domestic currency relative to foreign currencies
  • D.an increase in the value of the national currency
  • E.a decrease in the purchasing power of the foreign currencies
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
1991
Question no.
#8
Type
Objective

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