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The exchange rate is the ruling official rate of exchange of Taka for other currencies. It determines the value of Bangladeshi goods in relation to foreign foods. If the Taka is devalued in terms other currencies Bangladeshi exports (which are paid for in Taka ) become cheaper to foreigners and Bangladeshi imports become more expensive to holders of Taka. What conclusion can be drawn form the information above?

The exchange rate is the ruling official rate of exchange of Taka for other currencies. It determines the value of Bangladeshi goods in relation to foreign foods. If the Taka is devalued in terms other currencies Bangladeshi exports (which are paid for in Taka ) become cheaper to foreigners and Bangladeshi imports become more expensive to holders of Taka. What conclusion can be drawn form the information above? Correct Answer The prospect of devaluation results in a speculative outflow of funds.

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S1:Payment for imports and exports is made through a system called foreign exchange.
P :The value of the money of one country in relation to the money of other countries is agreed upon.
Q :These rates of exchange vary from time to time.
R :For instance, an American dollar or a British pound sterling is worth certain amounts in the money of other countries.
S :Sometimes a United States dollar is worth 12 pesos in Mexico.
S6:Another time it may be worth eight pesos.

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