πŸ“Š International Economics
Q. A key effect of devaluation is that it
  • (A) makes the domestic currency cheaper relative to other currencies.
  • (B) makes the domestic currency dearer relative to other currencies.
  • (C) makes the foreign currency cheaper relative to other currencies.
  • (D) leaves the relative value unchanged.
πŸ’¬ Discuss
βœ… Correct Answer: (A) makes the domestic currency cheaper relative to other currencies.

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