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in Open Economy Macroeconomics by (26.1k points)
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Differentiate:

(a) Currency devaluation

(b) Currency depreciation

1 Answer

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Best answer

(a) Currency devaluation:

It is the deliberate reduction of the value of domestic currency in terms of a foreign currency.

(b) Currency depreciation:

It is the reduction in the value of domestic currency due to the operation of supply for money and demand for money.

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