mdcat logical reasoning MCQ #55

A country's currency experiences a significant devaluation. What is a likely effect on its exports?

mdcat logical reasoning MCQ #55

  1. Question 1

    Q1. A country's currency experiences a significant devaluation. What is a likely effect on its exports?

    • A) Decrease in exports
    • B) No change in exports
    • C) Increase in exports
    • D) Variable impact on different exports

    Answer: Increase in exports

    Explanation: Currency devaluation makes a country's exports cheaper for foreign buyers, potentially increasing exports