Question: How Does Currency Affect The Economy? - Business - Nairaland
Nairaland Forum › Nairaland General › Business › Question: How Does Currency Affect The Economy? (811 Views)
| Question: How Does Currency Affect The Economy? by emeka94(op): 8:21pm On Nov 25, 2014 |
So I know that a country that manufactures more than it imports has a strong economy. However am confused about the currency part. Here are my question: 1) What makes a currency strong 2) Why is the naira falling in recent days 3) What does it mean to 'devalue' 4) What is the effect of the falling or rising rate of a currency on the economy and trading 5) How come different financial institutions in nigeria have different exchange rate 6) What is the effect of the decrease in the value of naira on the common man in the street 7) What is/are the solution. 8 What's the correlation between the stock market, FOREX and exchange rate. |
| Re: Question: How Does Currency Affect The Economy? by Nobody: 8:25pm On Nov 25, 2014 |
Google is a friendly friend. This is my candid answer to all the questions. |
| Re: Question: How Does Currency Affect The Economy? by Ezedon(m): 8:28pm On Nov 25, 2014 |
when the leaders abandoned their mission and was busy embezzling our fund, carrying women all along that's the major cause of economic breakdown |
| Re: Question: How Does Currency Affect The Economy? by emeka94(op): 8:34pm On Nov 25, 2014 |
Billyonaire:Quiet true but most articles listed on google causes more confusion. Its too esoteric. I just wanted someone to break it down for me (and others who don't know much about finance) a little bit. |
| Re: Question: How Does Currency Affect The Economy? by emeka94(op): 12:29pm On Nov 26, 2014 |
Abeg make person answer oh!! |
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