If two countries each devalue their currency by 20 percent, which of the following would happen? Question content area bottom Part 1 A. Both countries would gain advantage because each currency's value would differ from the other based on world market. B. Neither would gain an advantage because each currency's value relative to the other would remain the same. C. The country that devalued their currency first would experience a disadvantage because the currency value would be higher initially. D. The percentage would not matter because each country would have its own paper currency with its own exchange rate set by the IMF. E. The country that devalued their currency first would have an advantage over the other because the currency value would be lower initially