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Discussion
Devaluation of a currency means
A.
Reduction in the value of a currency vis-a-vis major internationally traded currencies
B.
Permitting the currency to seek its worth in the international market
C.
Fixing the value of the currency in conjunction with the movement in the value of a basket of pre-de
D.
Fixing the value of currency in multilateral consultation with the imf, the world bank and major tra
Answer:
A
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