Which of the following terms best describes the reduction of value, if, during the past decade, the Canadian dollar's value has been reduced relative to most other world currencies?
A) deregulation
B) re-evaluation
C) comparative disadvantage
D) devaluation

Question

Quizplus · Accepted Answer

Devaluation is the term used to describe the reduction of a currency's value in comparison to other currencies. In this case, if the Canadian dollar's value has been reduced relative to most other world currencies over the past decade, it would be considered devaluation.

Which of the Following Terms Best Describes the Reduction of Value