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QThe lowering of the value of a currency in the international market or against specific other currencies, which makes exports cheaper and imports expensive is called:

ID: #19323 Pakistan Economy 60 views
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#19323Q ID
ModerateDifficulty
Pakistan EconomyTopic
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  • A Devaluation ✔ ✖
  • B Revolution ✔ ✖
  • C Inflation ✔ ✖
  • D Deflation ✔ ✖
Correct Answer: Option A

Explanation

Devaluation
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