The difference between the outflow and inflow of foreign currency is known as___

Foreign Exchange Reserves

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Current Account Deficit

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Fiscal Deficit

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Balance of Payments

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None of these

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Solution

The correct option is B Current Account Deficit
The difference between the outflow and inflow of foreign currency is known as Current Account Deficit.

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Similar questions

36. India’s Foreign Exchange Reserves comprises of?

1. Special Drawing Rights

2. Foreign Currency Assets

3. Reserve Tranche Position

4. Gold

Select the correct answer

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