When an Indian Importing Firm Wants to Import U

question 6

Multiple Choice

When an Indian importing firm wants to import U.S.-made products, it must first secure permission and dollars from the Reserve Bank of India. This type of restriction is known as a

• A) currency devaluation.
• B) foreign-exchange control.
• C) negative foreign exchange.
• D) trade embargo.
• E) quota.

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Definitions:

Chicago

A major city in the United States located in the state of Illinois, known for its significant architectural, economic, and cultural contributions to the country.

New York

A state in the northeastern United States, known for its significant cultural, financial, and political influence, with New York City as its most famous city.

Referendum

A Progressive-era reform that allowed public policies to be submitted to popular vote.

Public Officials

Individuals holding office in governmental institutions, responsible for making and implementing the law.