Question : Which of the following are the effects of Depreciation of domestic currency?
Option 1: Increase in exports
Option 2: Decrease in imports
Option 3: Increase in national income
Option 4: All of the above.
Answer (1)
25th Jan, 2024
Correct Answer:
All of the above.
Solution :
Increase in exports, decrease in imports and increase in national income and the effect of depreciation of domestic currency.
Hence option D is correct.
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