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What is called the reduction in the rate of a currency?

What is called the reduction in the rate of a currency?

  • (A) Devolution
  • (B) Price cap
  • (C) Cut-rate
  • (D) Devaluation
Devaluation is when the government or central bank of a country deliberately reduces the value of its currency in a fixed or semi-fixed exchange rate system. This action makes the country’s products cheaper in foreign countries, but it makes imports from other countries more expensive, usually to solve trade imbalances.
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 ‘NATO’ is an abbreviation of:

March 18, 2026 No Comments
  • (A) North Atlantic Treaty Organization
  • (B) Non-Aligned Treaty Organization
  • (C) Non-Aligned Trading Organization
  • (D) North American Transport Organization

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