If the Domestic Currency Is Devalued and Both Export and Import

question 14

Multiple Choice

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

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

---

Definitions:

Decision Criteria

The standards or benchmarks used to guide the decision-making process.

Documentation

Written or electronic materials that provide official information or evidence, or that detail procedures or guidelines.

Citation

Attributing a quotation or other idea to a source in the body of the report.

Attributing Source

The act of giving credit to the original creator or source of information, typically to maintain academic integrity or copyright compliance.