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Which of the following statements is true? -

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Question

Which of the following statements is true?

Options

  • Depreciation of the foreign currency leads to the rice in exports.

  • Devaluation of the domestic currency leads to a rise in imports.

  • Appreciation of domestic currency leads to rise in exports.

  • Appreciation of foreign currency leads to fall in imports.

MCQ

Solution

Depreciation of the foreign currency leads to rice in exports.

Explanation:

For international buyers, a depreciation of the home currency means a decrease in the price of domestic goods.

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