Asked by Heather Mwando on Sep 24, 2024
Verified
Currency devaluations hurt
A) Consumers but help suppliers
B) Suppliers
C) Suppliers but help consumers
D) None of the above
Currency Devaluations
The deliberate downward adjustment of a country's currency value relative to another currency, group of currencies, or standard, often by the government or monetary authority to correct economic imbalances.
Consumers
Individuals or organizations that use economic services or commodities.
Suppliers
Businesses or individuals that provide goods or services to another business or consumer, often as part of a supply chain.
- Acquire knowledge on the ramifications of currency devaluation for costs incurred by consumers and suppliers, and how it affects pricing for exports and imports.
Verified Answer
Learning Objectives
- Acquire knowledge on the ramifications of currency devaluation for costs incurred by consumers and suppliers, and how it affects pricing for exports and imports.
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