Question

money develusition and economy​

Answer 1

Answer:

A devaluation in the exchange rate lowers the value of the domestic currency in relation to all other countries, most significantly with its major trading partners. It can assist the domestic economy by making exports less expensive, enabling exporters to more easily compete in the foreign markets.

Answer 2

A devaluation means there is a fall in the value of a currency. The main effects are: In the short-term, a devaluation tends to cause inflation, higher growth and increased demand for exports. .

Careful management of available resources is economy