Export of goods enhances ________.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. foreign exchange
- The export of goods plays a vital role in enhancing a country's foreign exchange reserves, improving its balance of payments, and fostering economic growth and development.
- The export of goods strengthens a country's foreign exchange reserves by earning revenue in foreign currencies.
- This influx of foreign currency enhances economic stability and supports the value of the domestic currency.