Economics · Macroeconomics
What is the direct effect of currency devaluation on imports and exports?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both imports and exports become costlier
- 2Both imports and exports become cheaper
- 3Imports become costlier and exports become cheaper✓
- 4Imports become cheaper and exports become costlier
Correct answer
Imports become costlier and exports become cheaper
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