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nikdorinn [45]
3 years ago
8

What is the expected effect of the devaluation among Venezuela’s population?

History
2 answers:
ANEK [815]3 years ago
8 0
The answer is A. Rising Inflation
zvonat [6]3 years ago
3 0

<em>The expected effect of the devaluation among Venezuela's population is Rising Inflation.</em>

Devaluation causes the decline of the value of a country's currency, which favors exports and disfavors imports.

With a less valuable currency, imports become more expensive, since you'll have to spend more money to match the product's price in its original country's currency, which will cause prices to increase, which contributes to inflation.

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