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#58683 Bangla Language & Literature General Level 0

Why might a 10% devaluation of a country's currency fail to improve its balance of trade deficit?

  1. A Other countries devalue their currencies by 15%
  2. B Other countries revalue their currencies by 15%
  3. C The demand for the country's imports is elastic
  4. D The supply for the country's exports is elastic
Answer: A - Other countries devalue their currencies by 15%

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