Which of the following statements is true ........

Economics (CUET) Balance of Payments

Which of the following statements is true?

Depreciation of the foreign currency leads to the rice in exports.

Devaluation of the domestic currency leads to a rise in imports

Appreciation of domestic currency leads to rise in exports.

Appreciation of foreign currency leads to fall in imports.

Option (4) is correct.

Submit Error

should be d. Depreciation of foreign currency leads to a rise in imports for the domestic currency.