Scenario: Just-for-Kids,Inc.
Just-for-Kids,Inc. ,is a toys and clothes manufacturer based in Vancouver,BC.The company has received an inquiry from an overseas company to do business.Tom Dodd is the owner of the company researching the opportunity and how exchange rates will affect its international business activities.
-The government of the country that Just-for-Kids is considering doing business in just lowered the value of its currency,which is referred to as ________.

Question

Quizplus · Accepted Answer

The government lowering the value of its currency is known as devaluation. This would affect Just-for-Kids, Inc. in terms of their international business activities, as it would potentially make their products more expensive for the overseas company to purchase.

Scenario: Just-For-Kids,Inc. Just-For-Kids,Inc. ,Is a Toys and Clothes Manufacturer Based in Vancouver,BC.The