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Answer these questions about Foreign Exchange Black Market : What is Foreign Exchange Black Market? How it operates? Give your views on its effects on

Answer these questions about Foreign Exchange Black Market:

  1. What is Foreign Exchange Black Market? How it operates?
  2. Give your views on its effects on the economy.
  3. Is it really needed? Can we do away with it?

Note: Explain the answers clearly and answer each question and follow the format. Thank you.

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