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13-12-2022
Business

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All of the following are true regarding a devaluation of currency EXCEPT that it:
A) Can be used to affect the foreign exchange market
B) May be used as a macroeconomic policy tool because a devaluation stimulates aggregate demand
C) Is a reduction in the value of a currency that is set under a fixed exchange rate regime
D) Will lead a nation's imports to increase compared to its exportsD) Will lead a nation's imports to increase compared to its exports

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