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

by
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.