Q. Which among the following is the effect of currency devaluation?
✅ Correct Answer: (C)
increase in exports
Explanation: 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.
Explanation by: Yashika
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.