Question on: JAMB Commerce - 2023
The effects of devaluation includes all except
A
expansion of local industries
B
increase in import
C
increase in standard of living
D
exports become cheaper
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Correct Option: C
An increase in the standard of living is not a typical effect of devaluation. Devaluation often leads to an expansion of local industries, makes exports cheaper, and may increase the cost of imports, which can decrease the standard of living.
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