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read this news report about a planned devaluation of the bolivar, the c…

Question

read this news report about a planned devaluation of the bolivar, the currency of venezuela.
the president of venezuela announced that the country would be devaluating the bolivar for the fifth time in nine years. the official rate is falling from 4.3 bolivars to the dollar, to 6.3, a 32%
devaluation. by increasing the bolivar value of exports of oil to the us and other nations, the
government hopes to alleviate a budget crisis caused by its increasing reliance on borrowing to
meet spending obligations.
in response to the announcement, the people of venezuela lined up today to buy televisions,
electronics, and airline tickets in order to protect themselves from projected price increases.
by devaluating the bolivar, the president of venezuela has
decreased the number of
bolivars needed to buy
one dollar.
followed the law of supply
and demand.
allowed the exchange rate
to remain unchanged.
increased the number of
bolivars needed to buy
one dollar.

Explanation:

Brief Explanations

The problem is about the devaluation of Venezuela's currency (bolivar) and its effects, which relates to Economics (a subfield of Business) as it involves currency exchange rates, supply and demand, and economic policies. The correct completion for "By devaluating the bolivar, the president of Venezuela has..." should be "increased the number of bolivars needed to buy one dollar" because devaluation means the currency loses value, so more bolivars are needed to purchase one dollar.

Answer:

increased the number of bolivars needed to buy one dollar