Economy, asked by simranalvi298, 4 months ago

what impact is it likely to have
on foreign exchange rate and imports and how??

Answers

Answered by st4235325
0

Answer:

Didn't understand the question

Answered by Queendivi
1

Answer:

When foreign exchange rate rises, it makes the countries imports costly. The importers have to pay a higher price in terms of domestic currency for the goods and services imported. This may reduce demand for imports.

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