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Q. |
What do you understand by the term "deflation"? |
A. | Excess circulation of money, causing dearness of goods |
B. | Increase in interest rates diverts money into savings and reduce circulation of money causing prices to fall. |
C. | Devaluation of local currency to the larger exte |
Answer» B. Increase in interest rates diverts money into savings and reduce circulation of money causing prices to fall. |
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