Question

How does a fall in dollar rate effect economic growth of Pakistan?​

Answer 1

Answer:

Pakistan adopted floating exchange rate system. By currency devaluation, the foreign goods become expensive; therefore, people switch from the consumption of foreign goods to the domestic goods. Similarly, the local goods will become cheaper for the foreigners and the export will rise.

Answer 2

Answer:

Pakistan adopted floating exchange rate system. By currency devaluation, the foreign goods become expensive; therefore, people switch from the consumption of foreign goods to the domestic goods. Similarly, the local goods will become cheaper for the foreigners and the export will rise.

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