Which one of the following is not the effect of devaluation

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180

M: +2.00/-0.33

Which one of the following is not the effect of devaluation of currency?

U.P. Lower Sub. (Pre) 1998

[External Sector - Trade, FDI, Debt]

This causes deflation in the importing country.

This causes inflation in the exporting country

This causes authorization of currency in the exporting country.

This causes devaluation of currency in the importing country

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