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
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.