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Unilateral transfer payments are a source of:
  • a)
    Demand for foreign exchange
  • b)
    Supply of foreign exchange
  • c)
    Both a and b
  • d)
    Neither a nor b
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Unilateral transfer payments are a source of:a)Demand for foreign exch...
Unilateral transfers give rise to both demand and supply of foreign exchange.
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Unilateral transfer payments are a source of:a)Demand for foreign exchangeb)Supply of foreign exchangec)Both a and bd)Neither a nor bCorrect answer is option 'C'. Can you explain this answer?
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