Let us say there is a sudden increase in demand in Kenya for Italian products. Explain how this increase will have an impact on the...

      

Let us say there is a sudden increase in demand in Kenya for Italian products. Explain how this increase will have an impact on the money supply in Kenya's economy

  

Answers


peter
When demand of Italian products is high in Kenya money supply in Kenyan economy will reduce. This is because Kenyan money will be used to purchase Italian products and thus dollar supply increase.
Thus the value of Kenyan shilling will reduce in comparison with dollar money.

PETERMAN answered the question on April 30, 2019 at 13:40


Next: Explain how temperature, light and air influence the distribution of vegetation
Previous: How would a preschool teacher express love to 3 year old child?

View More Economics Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions