Universal authorized dealer and limited authorized dealer

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a) Will balance-of-trade deficit necessarily be corrected, if a country weakens its home currency?

b) "Changes in relative inflation rate and income level of a country can affect the bi-lateral trade among countries". Explain.

c) "Conversion of one currency into another is affected through banks and by means of credit instruments". Justify the statement.

d) Differentiate between universal authorized dealer and limited authorized dealer.

Reference no: EM132791730

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