Currency devaluation _______import consumers because______
A)Helps;imports are more expensive
B)Hurts;imports are more expensive
C)Helps;imports are less expensive
D)Hurts;imports are less expensive

Question

​Currency devaluation _______import consumers because______
A)​Helps;imports are more expensive
B)Hurts;imports are more expensive
C)Helps;imports are less expensive
D)​Hurts;imports are less expensive

Quizplus · Accepted Answer

Currency devaluation hurts import consumers because imports become more expensive. When a country devalues its currency, the value of that currency decreases in relation to other currencies. This makes the prices of goods and services imported from other countries more expensive for consumers in the devaluing country, as they have to exchange more of their local currency to purchase the same amount of foreign currency needed to buy the imported goods.

​Currency Devaluation _______Import Consumers Because______

Currency Devaluation _Import Consumers Because