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A nation has a foreign exchange reserve of $1 billion. If it imports goods worth

Practice Questions

Q1
A nation has a foreign exchange reserve of $1 billion. If it imports goods worth $300 million, what percentage of the reserves will remain?
  1. 70%
  2. 30%
  3. 60%
  4. 40%

Questions & Step-by-Step Solutions

A nation has a foreign exchange reserve of $1 billion. If it imports goods worth $300 million, what percentage of the reserves will remain?
No concepts available.
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