A Decrease in Value of a Country's Currency Relative to Other

Multiple Choice

A decrease in value of a country's currency relative to other currencies affects its balance of trade on goods and services by:

A) raising imports, reducing exports, and reducing the balance of trade on goods and services.
B) reducing imports, raising exports, and reducing the balance of trade on goods and services.
C) reducing imports, raising exports, and increasing the balance of trade on goods and services.
D) raising imports, reducing exports, and increasing the balance of trade on goods and services.