Which of the following is not an effect of an undervalued currency?

Name: Which of the following is not an effect of an undervalued currency?
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Question

Quizplus · Accepted Answer

An undervalued currency makes exports more competitive and allows the home country to sell low-price products globally, but it does not increase the cost of importing; rather, it decreases it. Therefore, all the options listed are effects of an undervalued currency, making the statement that one is not an effect incorrect.

Which of the Following Is Not an Effect of an Undervalued