When a currency depreciates, the prices of its imports from other countries will:

Question

Quizplus · Accepted Answer

When a currency depreciates, it becomes weaker compared to other currencies. This means that it takes more units of the weaker currency to buy the same amount of a stronger currency. As a result, the prices of imports from other countries will increase because it now takes more of the weaker currency to purchase the same amount of the stronger foreign currency needed to buy imported goods.

When a Currency Depreciates, the Prices of Its Imports from Other