Economy, asked by jfosu3051, 10 hours ago

Outlino any three (3) factors that can make devaluation of Currency effective

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Answered by prathamesh299

0

The effect of a devaluation depends on:

Elasticity of demand for exports and imports. If demand is price inelastic, then a fall in the price of exports will lead to only a small rise in quantity. ...
State of the global economy. ...
Inflation. ...

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