Resource title

Devaluation (Money)

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image for OpenScout resource :: Devaluation (Money)

Resource description

Devaluation refers to a decline in the value of a currency in relation to another, usually brought about by the actions of a central bank or monetary authority. Devaluation is sometimes used more generally to describe any significant drop in a currency's international exchange rate, although usually a decline caused by market forces with no government intervention is termed a depreciation.

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Resource language

en

Resource content type

text/html

Resource resource URL

http://www.referenceforbusiness.com/encyclopedia/Dev-Eco/Devaluation-Money.html

Resource license

Copyright © 2011 Advameg, Inc.