I. Nominal Effective Exchange Rate (NE'ER) is the weighted average of bilateral exchange rate of the home currency in the terms of foreign currencies. |
II. Real Effective Exchange Rate (REER) is used to measure the movements of exchange rate as well as inflation differentials between India and its major trading partners. |
A) Only I
B) Only II
C) Both I and II
D) Neither I nor II
E) Either I or II
Correct Answer: C
Solution :
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