What does the term "debased" refer to?

The term "debased" refers to something that has been reduced in quality or value. This can apply to various contexts, such as currency, morals, or reputation. When something is debased, it is typically seen as being brought down from its original state, meaning it has lost some of its inherent worth or excellence.

In historical contexts, debasement often referred to the lowering of the value of currency by reducing the amount of precious metal in coins, thereby diminishing their value. This concept can also extend metaphorically, applying to ideas or institutions that have suffered a decline in integrity or value.

The other options present meanings that are contrary to the definition of "debased." For instance, enhanced quality and made more luxurious imply an improvement, which is the opposite of being debased. Similarly, being widely accepted as good suggests a high standing or reputation, further contrasting with the notion of something being diminished in quality or value.