The balance of payment of country is in equilibrium when the :
Equilibrium requires demand for the domestic currency to equal its supply. A highest or lowest level of demand alone does not establish a balance between currency receipts…
Choose your answer
The balance of payment of country is in equilibrium when the :
Answer and explanation
Correct answer C
Equilibrium requires demand for the domestic currency to equal its supply. A highest or lowest level of demand alone does not establish a balance between currency receipts and payments.
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Himachal Pradesh SET (HP SET)