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Which of the following statements is correct regarding foreign economies? A strong local currency reduces demand for imported goods and increases demand for exported goods.

Which of the following statements is correct regarding foreign economies?

A strong local currency reduces demand for imported goods and increases demand for exported goods.

Lower inflation and increased purchasing power increase local demand, as imports are less expensive.

High interest rates reflect faster economic growth and increased demand.

A weak local currency increases demand for imported goods and reduces demand for exported goods.

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