View the step-by-step solution to:


What is devaluation and how is it different from the depereciation of a currency? When a country has persistent

balance of payment deficit, why does the IMF suggest that a country should devalue its currency?

Top Answer

Devaluation is change in value of money and its value is set by the government of the country ,that means the value of money... View the full answer

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question