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From course:

Economics A Level

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Question:

What is the Difference between Devaluation and Depreciation?

Author: go kys



Answer:

-Devaluation refers to a Deliberate Downward Adjustment of a Currency's Fixed Exchange Rate by Governments or Monetary Authorities -Depreciation refers to a Market-Driven Decrease, or Indirect Government Action, of the value of a Currency in a Floating Exchange Rate


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go kys
go kys