Concept:Devaluation means a deliberate lowering of a currency’s official value against other currencies.
Explanation:In a fixed exchange rate system, the government or central bank may intentionally reduce the value of its currency.
This action is known as devaluation.
It is the opposite of revaluation, which is an increase in currency value.
Inflation refers to rising prices, not a currency decision.
Deregulation means removing government controls.
Therefore, the correct term for deliberately reducing currency value is devaluation.
Answer:C. Devaluation