McqMate
| Q. |
Which among following is NOT an implication of devaluation? |
| A. | devaluation makes the country's exports relatively less expensive for foreigners. |
| B. | devaluation makes foreign products relatively more expensive for domestic consumers, thus discouraging imports. |
| C. | devaluation help to increase the country's exports |
| D. | may therefore help to reduce the current account surplus. |
| Answer» A. devaluation makes the country's exports relatively less expensive for foreigners. | |
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