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Question
Other things remaining the same, when in a country the market price of foreign currency falls, national income is likely ______.
Options
to rise
to fall
to rise or to fall
to remain unaffected
MCQ
Fill in the Blanks
Solution
Other things remaining the same, when in a country the market price of foreign currency falls, national income is likely to fall.
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Balance of Payments - Balance of Payments Surplus and Deficit
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