Describe the effects of an unexpected devaluation on the central banks balance sheet and on the balance

Question:

Describe the effects of an unexpected devaluation on the central bank’s and on the balance of payments accounts.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...