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An official reduction in the value of home currency in terms of foreign currency is known as:

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Question:

An official reduction in the value of home currency in terms of foreign currency is known as:

A.

Revaluation

B.

Devaluation

C.

Depreciation

D.

Appreciation

Answer» b. Devaluation

Note: The above multiple-choice question is for all general and Competitive Exams in India.