Answered

Find the best solutions to your questions at Westonci.ca, the premier Q&A platform with a community of knowledgeable experts. Get detailed and accurate answers to your questions from a community of experts on our comprehensive Q&A platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Suppose there is a big drop in interest rates in Mexico and a small drop in U.S. interest rates. Everything else equal, what is likely to happen to value of the MXN?

Sagot :

varshamittal029

The value of MXN will increase.

The official currency of Mexico is The Mexican peso (MXN).

MXN is simply an abbreviation of the currency the Mexican peso, which is the official currency of the country of Mexico.

Similarly, the drop value in currency is defined as the expression that the currency is worth less as compared to all other countries.

When a currency's country interest rate drop, then the value of the currency increase. Here given in the question as there is a big drop in interest rates in Mexico and a small drop in U.S. interest rates, the value of MXN will increase as the drop is more in Mexico which affects its currency MXN.

Learn more about the Mexican peso (MXN)

here: https://brainly.com/question/11632483

#SPJ10

Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.