Consider the following statements :The effect of devaluation of a currency is that it necessarily1. Improves the competitiveness of the domestic exports in the foreign markets2. Increases the foreign value of domestic currency3. Improves the trade balanceWhich of the above statement is/are correct?

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Dev kumar

01 Jan 1970 05:30 AM study24x7

Consider the following statements :
The effect of devaluation of a currency is that it necessarily
1. Improves the competitiveness of the domestic exports in the foreign markets
2. Increases the foreign value of domestic currency
3. Improves the trade balance
Which...

1 only

1 and 2

3 only

2 and 3