Devaluation lowers the price of a country's exports on world markets and increases the price of imports.

Name: Devaluation lowers the price of a country's exports on world markets and increases the price of imports.
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Question

Quizplus · Accepted Answer

Devaluation means reducing the value of a country's currency in relation to other currencies, which makes its exports cheaper and its imports more expensive. Therefore, option A is true.

Devaluation Lowers the Price of a Country's Exports on World