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Civil Engineering · Q17

Engineering Economics

Engineering and GATE · Civil Engineering · question 17

Q17

The deliberate lowering of the price of a nation’s currency in terms of the accepted standard (Gold, American dollar or the British pound) is known as ______.

A.
Currency appreciation
B.
Currency depreciation
C.
Currency devaluation
Answer
D.
Currency float

Answer: Option C

Solution

Answer: Option C
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