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The Effects Of Devaluation Includes All Except _______? - Erudites Academy

The effects of devaluation includes all except _______?

by | Dec 11 | Commerce JAMB | 0 comments

A. exports become cheaper
B. expansion of local industries
C. increase in standard of living
D. increase in import

Correct Answer:

Option D – increase in import

Explanation

Devaluation is the reduction of the value of a country’s currency in terms if the value of the currencies of other nations of the world.

There will be a decrease in inputs as citizens will be spending more in buying goods from other countries.

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