If a country devalues its currency, there would be
...If a country devalues its currency, there would be
reduction in imports
reduction in exports
increase in production locally
increase in local standard living
Correct answer is A
Devaluation of a country's currency reduces the cost of exporting goods and services to other countries, making the exporting country to be more competitive in the global market, which, in turn, increases the cost of importing goods into the country.
With a high cost of importation, imports will be reduced as people will be uninterested in importing goods at a high cost.
A retailer who receives a trade discount of 33‘/3% and a cash discount of 10% on goods worth N...
Terms of payments are quoted on the? ...
The sign on Volkswagen represents the? ...
A document through which invitation is extended to the public to subscribe to shares is? ...
In product pricing, which of this element needs more consideration than others? ...
The charges imposed by the government on locally manufactured goods is called ...
The price of an item is N 300 with a trade discount of 20%, What is the selling price? ...
A price quotation which includes all the expenses involved in loading the goods into a ship is ...