How Does a Decrease in Value of a Country's Currency

question 181

Multiple Choice

How does a decrease in value of a country's currency relative to other currencies affect its balance of trade?

• A)A decrease in value of a country's currency relative to other currencies raises imports, reduces exports, and reduces the balance of trade.
• B)A decrease in value of a country's currency relative to other currencies reduces imports, raises exports, and reduces the balance of trade.
• C)A decrease in value of a country's currency relative to other currencies reduces imports, raises exports, and increases the balance of trade.
• D)A decrease in value of a country's currency relative to other currencies raises imports, reduces exports, and increases the balance of trade.
• E)A decrease in value of a country's currency relative to other currencies reduces imports, reduces exports, and reduces the balance of trade.

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