Devaluation will improve when elasticity of demand of country's export and import is
A) Less than one
B) Equal to one
C) Infinity
D) Greater than one
Correct Answer:
Verified
Q11: Gold standard is an example of
A)Floating exchange
Q12: Flexible exchange rate is based on the
Q13: A BOP surplus can be corrected through
Q14: BOP deficit can be corrected through --------------
A)Increasing
Q15: Foreign exchange is demanded by -------------
A)Exporters
B)Domestic travelers
C)Importers
D)None
Q17: Deficit BOP can be solved by --------------------
A)Expenditure
Q18: Floating exchange rate become common in ----------------
A)1980's
B)1970's
C)1960's
D)1950's
Q19: The difference between the value of goods
Q20: The convertibility of dollar was formally abandoned
Q21: Soft loans to underdeveloped countries are disbursed
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