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Difference between devaluation and depreciation

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Difference between devaluation and depreciation

    • Posted by Kashish Rastogi 6 years, 1 month ago

    CBSE > Class 12 > Economics
    • 1 answers

    Anamika Singh 6 years, 1 month ago

    depreciation is when there is a fall in the value of a currency in a floating exchange rate and devaluation refers to a situation when a country decides to lower its exchange rate in a fixed or semi fixed exchange rate.

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