Question : Which of the following statement is correct?
- Supply for foreign exchange arise when people wants to make gains from appreciation of currency.
- Loans from foreign country are raised in foreign currency. So foreign currency is needed to repay such loans.
Option 1: Both are true
Option 2: Both are false
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 2 is true and statement 1 is false.
Answer (1)
24th Jan, 2024
Correct Answer:
Statement 2 is true and statement 1 is false.
Solution :
Demand for foreign exchange arise when people wants to make gains from appreciation of currency.
Loans from foreign country are raised in foreign currency. So foreign currency is needed to repay such loans.
Hence option D is correct .
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