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Dmitry_Shevchenko [17]
3 years ago
11

How dose currency effect trade?

History
1 answer:
tino4ka555 [31]3 years ago
5 0

Answer:

The exchange rate has an effect on the trade surplus or deficit, which in turn affects the exchange rate, and so on. In general, however, a weaker domestic currency stimulates exports and makes imports more expensive. Conversely, a strong domestic currency hampers exports and makes imports cheaper.

Explanation:

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How did the early cold war affect life in the US
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