WAEC - Commerce (2023 - No. 14)
A reduction in the value of a country's currency in relation to that of other countries is
revaluation
inflation
devaluation
deflation
Paliwanag
Devaluation is the reduction in the value of the country's currency in terms of other currencies of the world. It is also a fall in the exchange value of a country's currency in relation to the currencies of other currencies.