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Which of the following is an example of an EXPORT for an economy?
AThe Reserve Bank holding domestic currency reserves
BA domestic household buying a foreign car
CA domestic firm selling software services to a foreign client
DA foreign tourist buying nothing on a visit
Answer & Solution
Correct answer: C. A domestic firm selling software services to a foreign client
Exports = goods/services sold by the domestic economy to the rest of the world. A domestic firm earning revenue from a foreign client is exporting services.
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