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If There Were an Appreciation of the Exchange Rate of a Local

Question 1

Multiple Choice

If there were an appreciation of the exchange rate of a local currency against the USD,then _____ from _____ sales would be _____ than if the exchange rate had remained constant.


A) profits; increased exports; less
B) losses; increased exports; less
C) profits; increased exports; more
D) losses; decreased imports; more

Correct Answer:

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