Suppose that the United Kingdom devalues the pound if both exports and imports are written in terms of pounds then the United Kingdom balance of trade during a currency contract period ?

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TuteeHUB · Accepted Answer

falls for a while before increasing

TuteeHUB · Answer

improves

TuteeHUB · Answer

worsens

TuteeHUB · Answer

is unaffected

TuteeHUB · Answer

falls for a while before increasing

1.	Suppose that the United Kingdom devalues the pound if both exports and imports are written in terms of pounds then the United Kingdom balance of trade during a currency contract period ?
A.	improves
B.	worsens
C.	is unaffected
D.	falls for a while before increasing
Answer» D. falls for a while before increasing

Suppose that the United Kingdom devalues the pound if both exports and imports are written in terms of pounds then the United Kingdom balance of trade during a currency contract period ?

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