Question : When value of domestic currency is tied to the value of another currency, it is known as
Option 1: Pegging
Option 2: Parity value
Option 3: Speculative
Option 4: None of the above.
Correct Answer: Pegging
Solution : Pegging involves when value of domestic currency is tied to the value of another currency. Hence option A is correct.
Question : When value of a currency is fixed in terms of some other currency or in terms of gold, it is known as
Question : What do you mean by Parity value of currency
Question : When domestic currency gains value in relation to a foreign currency in the international market, it is termed as a situation of:
Question : It refers to increases in the value of domestic currency in terms of foreign currency.
Question : It refers to decrease in the value of domestic currency in terms of foreign currency.
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