A) Appreciation of domestic currency leads to rise in exports
B) Depreciation of domestic currency leads to rise in exports
C) Devaluation of domestic currency leads to rise in exports
D) Both [b] and [c]
Correct Answer: D
Solution :
Both devaluation and depreciation of domestic currency makes domestic goods cheaper in international market, leading to increase in exports from domestic country.
You need to login to perform this action.
You will be redirected in
3 sec
