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    Question

    When exchange rate in terms of domestic currency

    rises:-
    A Exports become cheaper Correct Answer Incorrect Answer
    B Imports become cheaper Correct Answer Incorrect Answer
    C Exports become costlier Correct Answer Incorrect Answer
    D No effect on imports Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    When exchange rate in terms of domestic currency rises exports become cheaper

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