Economy, asked by bhawani3876, 1 year ago

What happens to imports and exports when a currency depreciates?

Answers

Answered by shilpabasavaraju200
0

Currency depreciation means decrease in the value of currency agaist the other currency due to changes in market forces like demand and supply.

When the value of the currency decreases means our currency became cheaper against other currency..

Therefore export s increase s

Import of a country decreases due to increase in value of other currency..

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