Bundle: Fundamentals of Financial Management, Loose-leaf Version, 15th + MindTap Finance, 1 term (6 months) Printed Access Card
Bundle: Fundamentals of Financial Management, Loose-leaf Version, 15th + MindTap Finance, 1 term (6 months) Printed Access Card
15th Edition
ISBN: 9781337817455
Author: Eugene F. Brigham, Joel F. Houston
Publisher: Cengage Learning
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Chapter 19, Problem 3Q
Summary Introduction

To explain: The effect on the currency value and foreign investment, if the import is more than the export.

Introduction:

Import:

When a country purchases goods and services from the other country are called import.

The Import was made by the country at that time when the country had a shortage of the goods and services domestically.

Export:

When a country sells goods and services to the other country, it is called export. Export of goods and services makes the foreign surplus of the country.

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