Economics · Currency Devaluation
What is the primary objective of a country deliberately devaluing its currency?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To increase the domestic value of foreign currencies
- 2To discourage and suppress exports
- 3To encourage and increase imports
- 4To encourage and boost exports✓
Correct answer
To encourage and boost exports
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