Are the statements true or false? Give reasons. Appreciation of domestic currency leads to rise in imports.

Are the statements true or false? Give reasons. Appreciation of domes

1.	Are the statements true or false? Give reasons. Appreciation of domestic currency leads to rise in imports.
Answer» True. Appreciation of domestic currency makes foreign goods relatively cheaper, which leads to increase in imports.

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Are the statements true or false? Give reasons. Appreciation of domestic currency leads to rise in imports.

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