CBSE 2020 Class 12 Economics Outside Delhi Set 1

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Question : 20 of 47
 
Marks: +1, -0
Explain, what can be the likely impact of depreciation of the home currency on imports to the country.
Solution:
Depreciation of the home currency is a sign of increase in the import of foreign country from our country because the rate of exchange is decreased in such case. The huge amount of export of goods in a foreign country also increase the foreign exchange of our country.
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