Economy, asked by psd7759, 1 month ago

if a country's people demand less money what are its benefit?​

Answers

Answered by binibijoabiyaaaron
0

Explanation:

A key effect of devaluation is that it makes the domestic currency cheaper relative to other currencies. ... First, devaluation makes the country's exports relatively less expensive for foreigners. Second, the devaluation makes foreign products relatively more expensive for domestic consumers, thus discouraging imports.

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