Business Studies, asked by ansari7070, 10 months ago

Does Import Trade reduce foreign currency???​

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Answered by VEDATsayer
0

Answer:

A country with a high demand for its goods tends to export more than it imports, increasing demand for its currency. A county that imports more than it exports will have less demand for its currency. Trade balances, and as a result, currencies can swing back in forth, assuming each are floating currencies.

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