What is the likely effect of depreciation or devaluation of a currency

1.	What is the likely effect of depreciation or devaluation of a currency of the countries’ foreign trade?
Answer» Depreciation of a currency, namely : (i) encourages exports from a country and (ii) discourages imports from the rest of the world

What is the likely effect of depreciation or devaluation of a currency of the countries’ foreign trade?

Answer»

Depreciation of a currency, namely :

(i) encourages exports from a country and

(ii) discourages imports from the rest of the world

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What is the likely effect of depreciation or devaluation of a currency of the countries’ foreign trade?

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