MCQOPTIONS
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| 1. |
If a country devalues its currency, its - (1) |
| A. | Exports become cheaper and imports become costlier |
| B. | (2) Exports become costlier and imports become cheaper. |
| C. | Exports value is equivalent to imports value |
| D. | No effect on exports and imports |
| Answer» B. (2) Exports become costlier and imports become cheaper. | |