Currency devaluation decreases the consumers' buying power in the country whose currency is being devalued.

Name: Currency devaluation decreases the consumers' buying power in the country whose currency is being devalued.
Brand: Quizplus
Rating: 4.9 (28 reviews)

Question

Quizplus · Accepted Answer

Currency devaluation reduces the value of the currency, which means that it would require more of the devalued currency to purchase the same amount of goods or services as before. Therefore, the consumers' buying power decreases as a result.

Currency Devaluation Decreases the Consumers' Buying Power in the Country