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JAMB Commerce 2017 Paper
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© africaexams.com
Question : 46
Total: 50
The effects of devaluation includes all except _______
exports become cheaper
expansion of local industries
increase in standard of living
increase in import
Validate
Solution:
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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