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Question
A devaluation of currency is expected to :
increase export
decrease export
increase import
have no impact on export and import
increase both import and export
ANSWER : 1
Descrption
<p>Devaluation is the deliberate downward adjustment of a country's currency value. The government issuing the currency decides to devalue a currency.</p> <p>Devaluing a currency reduces the cost of a country's exports and can help shrink trade deficits.Feb</p>
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