Consider the following statements regarding currency wars that are often seen in the news:
1. Currency war is a situation when countries devalue their currency deliberately to make their exports competitive.
2. Currency war is a situation when one country mops up a foreign currency from the international market in order to create a trade imbalance in that country.
Which of the statements given above is/are correct?
Consider the following statements regarding currency wars that are often seen in the news:
1. Currency war is a situation when countries devalue their currency deliberately to make their exports competitive.
2. Currency war is a situation when one country mops up a foreign currency from the international market in order to create a trade imbalance in that country.
Which of the statements given above is/are correct?
Options
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