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Economics (AS & A Level) · Oct / Nov 2025 · Paper 33 · Question 25

9708Exchange rates

A central bank officially lowers the price of its currency relative to an agreed rate in terms of other currencies. What type of central bank policy is this?

  1. Aappreciation
  2. Bdepreciation
  3. Cdevaluation
  4. Drevaluation

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Correct answer: C. devaluation

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