Currency Devaluation - SS3 Economics Past Questions and Answers - page 1
What is currency devaluation?
An increase in the value of a country's currency
A decrease in the value of a country's currency
A change in the exchange rate of a country's currency
Share this question
Why do governments devalue their currency?
To reduce inflation
Â
To make imports cheaper
To make exports more competitive
Share this question
What are some negative effects of currency devaluation?
Increased exports
Â
Higher inflation
Lower trade deficit
Share this question
When was the most recent currency devaluation in Nigeria?
 2018
2020
Â
2022
Share this question
What is the purpose of currency devaluation in Nigeria?
To make imports cheaper
To make exports more competitive
Â
To reduce inflation
Share this question
What is the impact of currency devaluation on a country's exports?
Share this question
What is the potential negative impact of currency devaluation on a country's economy?
Share this question