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The exchange reserves in 1996 - 1997 were approximately what percent of the average exchange reserve over the period under review?
Answer & Solution
Correct Answer:
Option
D
$$\eqalign{
& \text{Required %} \cr
& = \frac{4320}{3480} \times 100 \cr
& = 124.137 \approx 124\% \cr} $$
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