12th Class Economics Foreign Exchange Rate Question Bank MCQs - Foreign Exchange Rate

  • question_answer
    The term foreign exchange means

    A) Exchange of goods of one nation for goods of other nation

    B) Exchange of goods of one nation for services of other nation

    C) Exchange of goods of one nation for currency of other nation

    D) Stock of foreign currency with domestic country

    Correct Answer: D

    Solution :

    Foreign exchange refers to the stock of foreign currencies required to trade between countries.


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