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Assertion (A): Devaluation of a currency may promote export. Reason (R): Price of the country’s products in the international market may fall due to devaluation.

Assertion (A): Devaluation of a currency may promote export. Reason (R): Price of the country’s products in the international market may fall due to devaluation.

(a)

Both A and R are true, and R is the correct explanation of A

(b)

Both A and R are true, but R is not a correct explanation of A

(c)

A is true, but R is false

(d)

A is false, but R is true

Answer:

(a)

Explanation