Devaluation of currency helps to promote ?
Correct answer: D. Exports
- A. National income
- B. Saving
- C. Imports at lower cost
- D. Exports
Explanation
Devaluation makes a country's goods relatively cheaper for foreign buyers, increasing export competitiveness. It makes imports more expensive in domestic currency, so the import option is incorrect.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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