Revaluation of currency is the upward adjustments of a currency value relative to the chosen baseline, which for instance can be a foreign currency can be a baseline. Currency revaluation can be caused by the changes in interest rates between countries which will affect the overall profitability of an economy. Revaluation of currency effects to less expensive import by the local consumers from foreign countries and less exports to the country hence create balance of trade. It also helps in changing of the market source for exports of goods creating new markets, revaluation of currency hence help create competitiveness.
CYNTHIAEXPERT answered the question on March 8, 2018 at 11:59
- Outline aims of inventory management(Solved)
Outline aims of inventory management
Date posted: February 28, 2018. Answers (1)
- Describe what items products are not included in the calculation of a country's gross domestic product?(Solved)
Describe what items products are not included in the calculation of a country's gross domestic product?
Date posted: February 28, 2018. Answers (1)
- What is purchasing power parity?(Solved)
What is purchasing power parity?
Date posted: February 28, 2018. Answers (1)
- What is an economic structure?(Solved)
What is an economic structure?
Date posted: February 28, 2018. Answers (1)
- What is the meaning of GDP PPP?(Solved)
What is the meaning of GDP PPP?
Date posted: February 28, 2018. Answers (1)
- What is the type of economic system in Nigeria?(Solved)
What is the type of economic system in Nigeria?
Date posted: February 28, 2018. Answers (1)
- Considering its economy can Kenya be considered as a poor country?(Solved)
Considering its economy can Kenya be considered as a poor country?
Date posted: February 28, 2018. Answers (1)
- What type of economic system does Kenya have?(Solved)
What type of economic system does Kenya have?
Date posted: February 28, 2018. Answers (1)
- Name principles of occupational health(Solved)
Name principles of occupational health.
Date posted: February 24, 2018. Answers (1)
- Discuss the methods used to correct trade deficit in Kenya
(Solved)
Discuss the methods used to correct trade deficit in Kenya
Date posted: February 23, 2018. Answers (1)
- Discuss the effects of inflation in Kenya and their possible solutions.
(Solved)
Discuss the effects of inflation in Kenya and their possible solutions.
Date posted: February 23, 2018. Answers (1)
- Explain the concept of consumer sovereignty(Solved)
Explain the concept of consumer sovereignty
Date posted: February 22, 2018. Answers (1)
- Define the term inefficiency as used in the simple productions possibility model(Solved)
Define the term inefficiency as used in the simple productions possibility model.
Date posted: February 22, 2018. Answers (1)
- State the assumptions necessary to represent production possibilities in a simple production possibilities curve model(Solved)
State the assumptions necessary to represent production possibilities in a simple production possibilities curve model.
Date posted: February 22, 2018. Answers (1)
- State three components of economic efficiency(Solved)
State three components of economic efficiency.
Date posted: February 22, 2018. Answers (1)
- Define the term economic policy as used in microeconomics(Solved)
Define the term economic policy as used in microeconomics.
Date posted: February 22, 2018. Answers (1)
- Explain the difference between microeconomics and macroeconomics(Solved)
Explain the difference between microeconomics and macroeconomics.
Date posted: February 22, 2018. Answers (1)
- State and explain the types of isoquants in microeconomics(Solved)
State and explain the types of isoquants in microeconomics
Date posted: February 22, 2018. Answers (1)
- What is an isocost line?(Solved)
What is an isocost line?
Date posted: February 22, 2018. Answers (1)
- Why is an isoquant negatively inclined?(Solved)
Why is an isoquant negatively inclined?
Date posted: February 22, 2018. Answers (1)