Practicing Success
"Rajesh and Ram went to Japan for attending a conference and then travelled across the country for 7 days." Which of the following stands to be true in regards to the above statement? |
It resulted in inflow of foreign exchange It resulted in outflow of foreign exchange Supply for foreign exchange increased Both 2 and 3 |
It resulted in outflow of foreign exchange |
When Ram and Rajesh travelled across the nation, they must have spent in Japanese Yen. That means the demand for Japanese Yen/foreign currency increased, which resulted in outflow of foreign exchange. |