Which two transactions determine Balance of Trade?
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Two transactions which determine Balance of Trade are:
Export of goods.
Import of goods.
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If the value of export of goods of a country is ₹ 1,000 crores and the value of import of goods is ₹ 1,200 crores, how much will be the trade balance (or balance of trade)?
Giving reasons, state whether the following statements are true or false:
Both depreciation and devaluation of domestic currency have the same meaning.