Question : What is the meaning of exchange rate?
Option 1: Quantum of domestic currency needed to pay for foreign currency
Option 2: Quantum of foreign currency needed to pay for another foreign currency
Option 3: Rate at which foreign currency is bought and sold
Option 4: All of these
Correct Answer: All of these
Solution : The correct answer is (d) All of these.
The meaning of exchange rate is the rate at which one currency can be exchanged for another currency. It represents the value of one currency in terms of another currency.
Question : What is the term used to describe the exchange rate regime where a currency's value is fixed to another currency or a basket of currencies?
Question : What is the term used to describe the practice of pegging a currency to a more stable foreign currency?
Question : The Indian Government launched Incredible India campaign to promote tourism in India? How it will impact the exchange rate?
Question : A country's central bank can intervene in the foreign exchange market to influence the value of its currency. This is known as ________.
Question : The real exchange rate is a measure of:
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