Ask Question
11 December, 04:54

Exchange rate forecasting is: Group of answer choices important because exchange rates influence all aspects of business. important because markets depend on solid information. unimportant because exchange rate forecasting does not have a theoretical model. No answer text provided.

+3
Answers (1)
  1. 11 December, 05:07
    0
    Answer: Exchange rate forecasting is important because exchange rate influence all aspects of business.

    Explanation:

    Exchange rate forecast is a method that is used to predict exchange rates by collecting all the relevant factors that may affect a currency. Exchange rate forecasting is vital because exchange rates influence all aspects of business.

    The exchange rate plays a vital role for firms that import raw materials and export goods. A depreciation i. e a devaluation of the currency will make exports cheaper and therefore exporting firms will benefit. Every firm is interconnected in one way or the other, therefore exchange rate is vital.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Exchange rate forecasting is: Group of answer choices important because exchange rates influence all aspects of business. important because ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers