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Lowering the value of a nation's currency against other currencies is:
ADetention
BDevaluation
CDeviation
DDeduction
Answer & Solution
Correct answer: B. Devaluation
1. Exports become cheaper abroad.
2. The change is in the currency's value.
3. It is devaluation.
_Source: OpenStax Introduction to Business, Chapter 3, Competing in the Global Marketplace._
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