Question on: JAMB Commerce - 2017
The effects of devaluation includes all except _______
A
exports become cheaper
B
expansion of local industries
C
increase in standard of living
D
increase in import
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Correct Option: D
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.
There will be a decrease in inputs as citizens will be spending more in buying goods from other countries.
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