Question: Consider the following statement.
The price of any currency in international market is decided by the
- World Bank.
- demand for goods/services provided by the country concerned.
- stability of the government of the concerned country.
- economic potential of the country in question. Which of the statements given above are correct?
Options:
A) 1 and 4
B) 2 and 3
C) 3 and 4
D) All of these
Show Answer
Answer:
Correct Answer: B
Solution:
- Exp. [b] Price of a floating currency is driven by demand and supply rule. This in turn depends upon the demand of goods and services and also on the political stability of the country.
BETA
