Question

Why might a country choose to devalue its currency? to please its trading partners to encourage exports to encourage imports to reduce taxes

Answer 1

Answer:

B) to encourge exports

Explanation:

edge

Answer 2

The major reason a country might choose to devalue its currency is to encourage exports.

What do you mean by Devaluation?

Devaluation refers to the downward movement in the value of the country's currency. The government that issues the currency has the power to devalue its currency.

Devaluating the currency reduces the cost of a country's exports and reduces trade deficits. For encouraging exports, a country chooses to devalue the currency.

Therefore, B is the correct option.

Learn more about Devaluation here:

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