A devaluation of currency is expected to :
A
increase export
B
decrease export
C
increase import
D
have no impact on export and import
Correct Answer: increase export
Devaluation is the deliberate downward adjustment of a country's currency value. The government issuing the currency decides to devalue a currency. Devaluing a currency reduces the cost of a country's exports and can help shrink trade deficits.Feb