Question : Which of the following is an example of an economic indicator that can impact foreign exchange rates?
Option 1: Consumer confidence index
Option 2: Stock market index
Option 3: Political stability index
Option 4: Global oil prices
Answer (1)
22nd Jan, 2024
Correct Answer:
Consumer confidence index
Solution : The correct answer is (a) Consumer confidence index.
An economic indicator that can impact foreign exchange rates is the consumer confidence index. The consumer confidence index measures the level of confidence consumers have in the overall state of the economy and their personal financial situations. It provides insights into consumer spending patterns, which are a significant component of a country's economic activity.
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