Economics · Monetary Policy
When a country devalues its currency, what is the effect?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both imports and exports become dearer
- 2Imports become dearer and exports cheaper✓
- 3Both imports and exports become cheaper
- 4Imports become cheaper and exports dearer
Correct answer
Imports become dearer and exports cheaper
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