Unilateral transfer payments are a source of:

Demand for foreign exchange

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Supply of foreign exchange

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Both a and b

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Neither a nor b

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Solution

The correct option is C
Both a and b

Unilateral transfers give rise to both demand and supply of foreign exchange.

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Similar questions

(a) Why is demand curve of foreign exchange negatively sloped?

(b) Why is supply curve of foreign exchange positively sloped?

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