GKFix MCQ Question

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-determined currencies
• D. fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners