Practicing Success
Currency Depreciation leads to: |
Increase in Export Decrease in Import Increase in Trade Decrease in Export |
Increase in Export |
The correct answer is Option (1) → Increase in Export Currency depreciation typically makes a country's exports cheaper and more competitive in the international market, leading to an increase in exports. At the same time, it makes imports more expensive for domestic consumers, leading to a decrease in imports. ****** QMS |