Q.

Which of the following statement is true

A. a depreciation is likely to correct a deficit in bop when the demand for and supply of foreign exchange is more elastic
B. a depreciation is likely to correct a deficit in bop when the demand for and supply of foreign exchange is less elastic
C. a depreciation is likely to correct a deficit in bop when the demand for foreign exchange is more elastic and the and supply of foreign exchange is less elastic
D. non of the above
Answer» A. a depreciation is likely to correct a deficit in bop when the demand for and supply of foreign exchange is more elastic
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