CUET Economics PYQs

...... links the currencies of different countries and enables comparison of international costs and prices.

Official reserve sale refers to

1. The reserve bank sells foreign exchange when there is a deficit.
2. The International Monetary Fund sells foreign exchange when there is a deficit.
3. Net consequences of autonomous transactions.
4. The agreement in which national currencies are traded for one another.

The likely impact of an appreciation of the US dollar, on imports of the South East Asian Countries from the US. would be :