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