"There are flexible (floating) and fixed exchange-rate systems that nations use to correct imbalances in the balance of payments. When a nation has a payment deficit foreign exchange rates will increase, thus making foreign goods and services more expensive and decreasing imports. These events will make a nation's goods and services less expensive for foreigners to buy, thus increasing exports."
What are the implications for a business given the above statement?© BrainMass Inc. brainmass.com June 3, 2020, 8:06 pm ad1c9bdddf
The implications for a business depends on the the type of business.
If the business is dependent very heavily on exporting its good and ...
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