Correct Option: A

The major aim of devaluation is to encourage exports. Devaluation is a deliberate downward adjustment to the value of country's currency, relative to another currency, group of currencies. One reason a country may devaluate its currency is to combat trade imbalances. Devaluation causes a country's exports to become less expensive, making them more competitive on the global market. This in turn means that imports are more expensive, making domestic consumers less likely to purchase them.