NABTEB Commerce 2023 Objective — Question 28

Question 28 of 50 from the National Business and Technical Examinations Board (NABTEB) Commerce 2023 Objective paper, with the correct answer and a full explanation.

The deliberate act by a government of lowering the value of its currency relative to other currencies, in order to boost exports and make imports more expensive, is called (a) revaluation (b) appreciation (c) devaluation (d) inflation

A. revaluation
B. appreciation
C. devaluationCorrect
D. inflation

Explanation

Devaluation is the official lowering of a country's currency value relative to other currencies. It is used to boost exports and make imports more expensive, improving the balance of trade.

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