Question :
Which term is not related to banking?
Option 1:
CRR
Option 2:
NEER
Option 3: SLR
Option 4: Fixed deposits
Answer (1)
14th Jan, 2024
Correct Answer:
NEER
Solution : The correct answer is NEER .
NEER, which stands for Nominal Effective Exchange Rate (NEER). It represents the estimated relative cost that a consumer will pay for imported goods. NEER is calculated using a weighted average of several different foreign currencies, making it a measure of a currency's value.
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