Even in a world with floating exchange rates, states have some ability to control the value of their currency. What is an advantage of having a weak currency?
a. Exporting industries benefit from a weak currency as their goods are cheaper for foreigners to purchase.
b. Traveling citizens benefit from a weak currency as they can purchase more goods abroad.
c. Consumers benefit from a weak currency as they can afford to buy more imports.
d. There are no advantages to a weak currency.
a
Political Science
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Indicate whether this statement is true or false.
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