Asked by Heather Mwando on Sep 24, 2024

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​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.
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Verified Answer

NK
Nasima Kholmurodova4 days ago
Final Answer :
A
Explanation :
Currency devaluations make imports more expensive and exports cheaper. Consumers pay more for imported goods, while suppliers benefit from increased competitiveness abroad.