Question : It refers to all currencies other than domestic currency of a given country.
Option 1: Foreign exchange
Option 2: Foreign exchange market
Option 3: Foreign exchange rate
Option 4: None of the above.
Correct Answer: Foreign exchange
Solution : Foreign exchange refers to all currencies other than domestic currency of a given country. Hence option A is correct.
Question : It refers to the rate at which currency is exchanged for others.
Question : It refers to a system in which exchange rate is determined by forces of demand and supply of different currencies in the foreign exchange market.
Question : It measures the number of units of one currency required to exchange with one unit of another.
Question : It is determined by forces of demand and supply.
Question : It refers to a system in which foreign exchange rate is determined by market forces in central bank influence the exchange rate.
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