Economy, asked by mondalsonia650, 8 months ago

Other things remaining unchanged , when in a country, the price of foreign currency rises , National income is

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Answered by paramjit85
2

Answer:

Likely to rise

Here, more rupees are required to buy one dollar, i.e. the value of domestic currency becomes less valuable in relation to a foreign currency. So, the quantum of imports will reduce and the exports will increase, and thereby, it leads to an increase in national income.

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