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FOREIGN TRADE — Economics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsFOREIGN TRADE1 Mark
MCQ
What is the effect of rise in Exchange Rate?
  • A
    Import is cheaper.
  • ✓
    import becomes costlier.
  • C
    Export becomes costlier.
  • D
    Both import & export become costlier.
✓

Answer

Correct option: B.
import becomes costlier.

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