Holding other things constant, a depreciation of the US Dollar relative to the Kenyan Shilling would cause the demand for the Sh

Question

sveta [45]

2 years ago

14

Holding other things constant, a depreciation of the US Dollar relative to the Kenyan Shilling would cause the demand for the Sh

illing to _____________ and the supply for Shilling to

Social Studies

1 answer:

Aleksandr-060686 [28] · Answer 1 · 2022-08-26T12:49:06+03:00

Answer:

The answer are; Decrease; increase

Explanation:

What is Depreciation? Depreciation is the decline in the value of an asset over a period of time cause by some factors like wear, obsolete, use, tear. according to the question, devaluation of US Dollar relative to the kenyan Shilling would cause the demand for Kenyan currency to decrease and cause the supply of Shilling to increase because devaluation of any country's currency will cause her goods cheaper for foreigners