______ describes a drop in a currency's value relative to other currencies or to a fixed standard.
A)Exporting
B)Importing
C)Devaluation
D)Countertrade

Name: ______ describes a drop in a currency's value relative to other currencies or to a fixed standard. A)Exporting B)Importing C)Devaluation D)Countertrade
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Question

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Devaluation refers to the reduction in the value of a currency with respect to other currencies or a fixed standard, making it less expensive relative to other currencies.

______ Describes a Drop in a Currency's Value Relative to Other