What is an expected result when a nation devalues its currency?
A) Export sales of its products decline.
B) The number of independent agents declines.
C) Export sales of its products increase.
D) No result is more likely than any other.
E) Export sales of its products will be unchanged.

Question

Quizplus · Accepted Answer

When a nation devalues its currency, it becomes cheaper for foreign buyers to purchase the nation's goods and services. As a result, export sales may increase because they are more competitive in price compared to other countries.

What Is an Expected Result When a Nation Devalues Its