Asked by Daniel Klucker on Jul 04, 2024
Verified
Currency devaluations help suppliers because they make exports ________ expensive
A) Less
B) More
C) All of the above
D) None of the above
Currency Devaluations
The reduction in value of a country's currency with respect to foreign currencies.
Suppliers
Businesses or individuals that provide goods or services to another entity, typically for resale or business use.
Exports
Goods or services sold by one country to customers in another country.
- Become cognizant of the effects currency devaluation has on consumer and supplier budgets, and the way it affects export and import valuation.
Verified Answer
ZK
Zybrea KnightJul 06, 2024
Final Answer :
A
Explanation :
Currency devaluations decrease the value of the domestic currency, making exports less expensive and more competitive in foreign markets.
Learning Objectives
- Become cognizant of the effects currency devaluation has on consumer and supplier budgets, and the way it affects export and import valuation.
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