Question

When price of a foreign currency falls its demand increases .why?

Answer 1

Answer:

its demand increases because there is no food no rupees no money for its requirement and if there is no requirement people will demand many things that we can't accept if we not have the currency

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Answer 2

When the price of foreign currency falls, people tend to buy more foreign goods so the demand for foreign currency increases.

Explanation:

• In an economy when the price of foreign currency falls, people import more as goods to other countries to make it cheaper.
• This results in increasing 'the demand for foreign currency' in the country.
• However, the exporters may be at a loss as they get less foreign currency for the 'same amount of goods'.

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