ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Why did the value of the Indian rupee decline against that of the US dollar after the US Fed had announced that it would begin to wind down its economic stimulus program?
A. Increase in US interest rate
B. India's dependence on US capital
C. US's money supply expansion
D. India's restriction on foreign capital
A. Increase in US interest rate
B. India's dependence on US capital
C. US's money supply expansion
D. India's restriction on foreign capital
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