The reduction in the value of a country’s currency ...
The reduction in the value of a country’s currency in relation to the value of the currencies of other nation is known as___________
Deflation
Inflation
Devaluation
Revaluation
Correct answer is C
Devaluation is the official reduction of the exchange value of national currency in relation to the currencies of other countries. It is also the fall in the exchange value of a country's currency in relation to the currencies of other countries.
\(\begin{array}{c|c} \text{Number of Men} & 1 & 2 & 3 & 4 & 5 & 6 & 7 &...
Rent and administrative expenses are examples of ...
if a given change in price brings a proportionately larger change in quantity demanded, the ...
Which of the following cannot be classified as a natural resource? ...
One of the greatest demerits of the middlemen in Nigeria is that they ...
Which of the following countries is a major trading partner of Nigeria? ...
The table above shows a demand schedule for eggs. What is the equilibrium price? ...
Which of these is NOT a basic economic problem of society? ...