Question

What is the importance of foreign exchange class 10(5 marks)

Answer 1

Bro it is the question of class 12 so sorry I don't know

Answer 2

Answer:

1. Foreign exchange creates an opportunity for the producers to reach beyond the domestic markets i.e. markets on there own country.

2) producers can sell there products only in markets located within the country but can also compete in markets located in other countries.

3) for the buyers, import of goods produced in other countries is one way of expanding the choice of goods beyond what is domestically produced.

4) New jobs have been created particularly those involving IT.

5) It creates greater choice before the consumer who now enjoy improved quality of lower prices for several products.

Explanation:

It was too hard to write so much....

Please mark me in brainlist please