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The effects of devaluation includes all except _______

Commerce
JAMB 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 Answer: Option D
Explanation
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.
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