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What is a devaluation?

A

An unexpected reduction in the value of a currency caused by market forces.

B

A deliberate reduction in the official value of a currency within a fixed system.

C

A deliberate increase in the official value of a currency within a fixed system.

D

An automatic reduction in the official value of a currency within a floating system.

Card 1 of 27

11.2.3 distinction between revaluation and devaluation of a fixed exchange rate Flashcards

  1. Intl A Level
  2. /Economics
  3. /11.2.3 distinction between revaluation and devaluation of a fixed exchange rate

27 flashcards on CIE Intl A Level Economics 11.2.3 distinction between revaluation and devaluation of a fixed exchange rate: the key terms and definitions you need to recall.

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