Asked by
Shannarra Barrow
on Dec 08, 2024
Verified
When a country devalues its currency,it causes an increase in:
A) its imports.
B) its exports.
C) the sale of international goods in the domestic market.
D) the sale of international services in the domestic market.
E) the cost of American goods abroad.
Devalues Its Currency
A country intentionally lowering the value of its national currency relative to other currencies to boost exports and improve its trade balance.
- Examine the impact of currency valuation fluctuations on import and export activities.
Verified Answer
HD
Learning Objectives
- Examine the impact of currency valuation fluctuations on import and export activities.