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Tuesday, 27 October 2026
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The effects of devaluation includes all except ____________

The effects of devaluation includes all except ____________
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Exports become cheaper
  • B Expansion of local industries
  • C Increase in standard of living
  • D Increase in import
Correct Answer: Option D
Explanation:
Devaluation reduces the value of a country's currency relative to foreign currencies. It generally makes exports cheaper to foreign buyers and imports more expensive to domestic consumers, which can encourage local production. Therefore, an increase in imports is not an expected effect of devaluation.

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