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Open Economy Macroeconomics — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsOpen Economy Macroeconomics1 Mark
Question
Define devaluation of domestic currency.
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Answer

The deliberate raising of the price of foreign currency in terms of domestic currency, by the government is called 'devaluation of domestic currency.

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