Which among the following is the effect of currency devaluation?

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Economy

asked Sep 07, 2023 at 08:56

A

Academy

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Answer 1

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Currency devaluation leads to a decrease in the value of a currency. It will lead to an increase in exports and a decrease in imports as imports become costlier.

answered Sep 07, 2023 at 08:56

A

Academy

Answer 2

Currency devaluation leads to a decrease in the value of a currency. It will lead to an increase in exports and a decrease in imports as imports become costlier.

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Which among the following is the effect of currency devaluation?

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