Explain why there is a fall in demand for Foreign Exchange when its price rises.

Question

Explain why there is a fall in demand for Foreign Exchange when its price rises.

Monjur Alahi

5 views

2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

When price of foreign currency rises it makes imports costlier. This leads to fall in demand for imports. At a result demand for foreign exchange falls.

5 views Answered 2023-02-05 15:29