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Commerce · Q488

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 488

Q488

What is meant by devaluation of rupee?

A.
Decrease in the weight of coins
B.
Decrease in domestic purchasing power of rupee
C.
Decrease in external purchasing power of rupee
Answer
D.
Decrease in the face value of rupee

Answer: Option C

Solution

Answer: Option C
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