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Daily Current Affairs October 2020
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Current Affairs on Govt. Schemes
why a high rate of inflation tends to worsen balance of payments
Why a high rate of inflation tends to worsen balance of payments ?
Prices of imported goods rise
Prices of imported goods fall and hence more is imported
Prices of exported goods rise making exports less competitive
Prices of exported goods fall and hence less amount is obtained in terms of foreign exchange
Answer & Explanation
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