Concept:Devaluation means a deliberate reduction in the value of a country's currency against foreign currencies.
Explanation:Under a fixed exchange rate system, the government or central bank can officially lower the value of its currency.
This action makes the domestic currency weaker compared to other currencies.
It is done to boost exports or correct a balance of payments problem.
Inflation is a rise in prices, while deflation is a fall in prices.
Re-denomination only changes the face value of notes, not their relative worth.
Therefore, the correct term is devaluation.
Answer:B. devaluation