Question

explain the impact of devaluation of domestic currency on the exports and imports of an economy
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Answer 1

Explanation:

The exchange rate has an effect on the trade surplus or deficit, which in turn affects the exchange rate, and so on. In general, however, a weaker domestic currency stimulates exports and makes imports more expensive. Conversely, a strong domestic currency hampers exports and makes imports cheaper.

Answer 2

Answer:

please check the attachment