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F1 Economics

This topic has 1 reply, 2 voices, and was last updated 7 years ago by Ken Garrett.

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March 31, 2017 at 11:57 am #379763
geesawor
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What is the effect on a company’s sales after an appreciation of the country’s currency but the company neither imports nor exports?
March 31, 2017 at 5:17 pm #379788
Ken Garrett
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If a country’s currency strengthens, imports become cheaper. Cheap imports mean more competition, so sales should fall.
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