Foreign Exchange Market and Net Exports
AP Macroeconomics · Flashcards
AP MACROECONOMICS · FLASHCARDS
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QUESTION
State the effect of a decrease in foreign demand for domestic goods on currency.
QUESTION
Which factor could lead to a depreciation of the domestic currency?
QUESTION
What is the impact of a strong domestic currency on tourism?
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ANSWER
Decrease in tourism due to higher costs for foreigners. Expensive destination reduces visitor numbers.
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