Exports contracts are denominated in national currency. Imports contracts are denominated in. foreign currency.   What will happen to the domestic trade balance following a devaluation of domestic currency? Explain

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
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Chapter6: Managing In The Global Economy
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Exports contracts are denominated in national currency.

Imports contracts are denominated in. foreign currency.

 

What will happen to the domestic trade balance following a devaluation of domestic currency? Explain

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