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Advika is a resident of India who exports hand-dyed fabrics to other nations. Since India has an exchange control system , what does this mean
Advika is a resident of India who exports hand-dyed fabrics to other nations. Since India has an exchange control system, what does this mean for Advika?
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Her government trades Indian bonds for any foreign currency that Advika earns.
Her government purchases and sells any foreign currency that Advika earns.
The Reserve Bank of India keeps all of Advika's foreign currency for her.
The Reserve Bank of India manages Advika's foreign currency profits.
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