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  3. 1. using an example, explain how exchange rates in

1. Using an example, explain how exchange rates influence business activities? 2. Explain the concept of devaluation,...

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Economics

1. Using an example, explain how exchange rates influencebusiness activities?

2. Explain the concept of devaluation, and explain the effectdevaluation has on the price of a country's imports.

Answer & Explanation Solved by verified expert
3.8 Ratings (467 Votes)
The exchange rate affects a business activity by affecting export imports ie a form that need importing for raw material and produces through it then its affected through the exchange rate is affected and its production activity due to its court Is affected Similarly the activity of a business firm is also affected in the event that the    See Answer
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