Economics · Economics
What is the effect of currency devaluation on imports and exports?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Encourages small savings.
- 2No effect on imports and exports.
- 3Imports become more expensive and exports become cheaper.✓
- 4Imports become cheaper and exports become more expensive.
Correct answer
Imports become more expensive and exports become cheaper.
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