A) Real Effective Exchange Rate
B) Reserve Exchange Effective Rate
C) Repo Exchange Effective Rate
D) Reverse Ending Exchange Rate
E) None of these
Correct Answer: A
Solution :
REER stands for Real Effective Exchange Rate. The Reserve Bank of India, in April 2014, announced to compute and release Real Effective Exchange Rate (REER) only on the basis of the Consumer Price Index (CPI) as the price index for India.
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