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Sagot :
Increasing declared earnings in the home currency by translating subsidiary earnings from a strong host currency. The given statement is true.
Devaluation is the intentional reduction in the value of a nation's currency. The currency's value may be reduced at the government's discretion. Depreciating a currency lowers the cost of exports and can aid in reducing trade imbalances.
July 1944. A new international monetary system was forged by delegates from forty-four nations in Bretton Woods, New Hampshire, in July 1944. Delegates to the conference agreed to establish the International Monetary Fund and what became the World Bank Group.
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