From the words lettered A to D, choose the word that best completes each of the following sentences.
Within one year, that country has _________its currency five times.
- reduced
-
devalued
- revamped
- defaced
The correct answer is: B
Explanation
The completed sentence would be: "Within one year, that country has devalued its currency five times."
Devaluing a currency means reducing its value relative to other currencies. This often occurs due to economic factors such as inflation or market conditions.