The effects of devaluation includes all except

JAMB Commerce 2023 155 views
Source: JAMB · 2023

The effects of devaluation includes all except

  1. exports become cheaper
  2. expansion of local industries
  3. increase in standard of living ✓
  4. import are expensive
Explanation

This answer correctly describes the business or trade concept. Commerce deals with buying, selling, and business operations.

The other options relate to different aspects of business or trade. They aren’t the best answer here.

Understanding this helps you grasp how businesses operate and how trade happens.

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