If a non-U.S. currency is devaluing relative to the US$, then which of the following can be true? (select any that can be true)
Answers choice
If the non-U.S. country has external loans (debts) that must be repaid in US$, then that country might default on its loans (debts).
Exports from the nation who's currency is devaluing will be more desirable (less expensive) to foreign buyers.