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CBSE Class 12-commerce Answered

What is the effect of increase in price of foreign currency with the demand for foreign currency?
Asked by Topperlearning User | 19 Apr, 2016, 12:42: PM
answered-by-expert Expert Answer

Exchange rate of foreign currency is inversely related to the demand. Imports become more expensive for the domestic country when there is an increase in the price of foreign currency. Thereby, the demand for foreign goods also gets reduced which leads to fall in demand for that foreign currency.

 

  

Answered by | 19 Apr, 2016, 02:42: PM
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