If the Domestic Currency Is Devalued and Both Export and Import

question 24

Multiple Choice

If the domestic currency is devalued and both export and import contracts are written in foreign currency,then the trade balance will:

• A) Increase
• B) Decrease
• C) Stay the same
• D) Uncertain

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Definitions:

Modified Leaf

A leaf that has evolved to perform functions other than photosynthesis, such as protection, climbing, storage, or reproduction.

Spines

Rigid, sharp structures on plants or animals, often serving as defense against herbivores or predators.

Tendrils

Slender, spirally coiling structures that enable climbing plants to attach and support themselves on objects.

Bud Scales

Protective structures that cover and protect the developing bud in some plants, especially during dormant periods.