The effects of devaluation includes all except
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option C
Explanation:
Devaluation of a currency makes imports more expensive, not cheaper, and can lead to a decrease in the standard of living as the cost of imported goods and services increases.
Devaluation of a currency makes imports more expensive, not cheaper, and can lead to a decrease in the standard of living as the cost of imported goods and services increases.