Question

How is the appreciation of the domestic currency good for the economy?​

Answer 1

If the economy is growing fast, a strong currency can help to reduce inflation. ... Currency appreciation usually reduces inflation because imports become cheaper and the lower prices lead to lower inflation. It makes imports more attractive, causing the demand for local products to fall.

HOPE IT HELPS YOU

PLEASE MARK IT AS BRAINLIST AND FOLLOW ME GUYS....❤❤