Economics · International Trade & Foreign Exchange
Devaluation of a currency by a country's monetary authority results in:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A decline in the value of the domestic currency relative to foreign currencies✓
- 2No impact on export competitiveness
- 3Fixing exchange rates permanently
- 4An increase in the domestic currency value
Correct answer
A decline in the value of the domestic currency relative to foreign currencies
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