The External Debt has been shown at the exchange rate applicable at the time of:

CA Foundation · Business Economics · MTP · June 2024
The External Debt has been shown at the exchange rate applicable at the time of:
(A) A. Contracting the debt.
(B) B. Expanding the debt.
(C) C. Both a & b
(D) D. None of the above

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Contracting the debt.

Topics: International Trade

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