Devaluation lowers the price of a country's exports in the global market and increases the price of its imports.

Name: Devaluation lowers the price of a country's exports in the global market and increases the price of its imports.
Brand: Quizplus
Rating: 4.8 (51 reviews)

Question

Quizplus · Accepted Answer

Devaluation makes a country's currency cheaper, which makes its exports less expensive in the global market, and its imports more expensive domestically. This can help a country increase its export competitiveness and reduce its trade deficits.

Devaluation Lowers the Price of a Country's Exports in the Global