Skip to content
Question 24 of 29

Q.Exchange rates are determined in :

(a) Stock market
(b) Money market
(c) Capital market
(d) Foreign Exchange market
Puducherry TnboardTamil Nadu HSC (DGE) Commerce Board 2024MCQ· 1mImportance★★★★★
83% · 24/29 Questions
🔒 Locked · start free trial →

You're viewing a preview — the full solution, concept, methods & PYQ mapping are locked.

Start your 14-day free trial to unlock the full solution →

Exchange rates are determined in the foreign exchange market.

The exchange rate is the rate at which one country's currency is exchanged for another's. It is fixed in the foreign exchange (forex) market, which is the market where currencies are bought and sold. Under a flexible system, the rate is set by the demand for and supply of foreign currency; under a fixed system it is pegged by the monetary authority operating in this market.

…

Start your 14-day free trial to unlock the full solution →

Unlock everything free for 14 days

  • Full step-by-step solutions
  • Concept-first explanations
  • Methods, shortcuts & mistakes
  • PYQ mapping + timed mock tests
Start 14-day free trial →See Plans & Pricing →

Full access for 14 days. No credit card required.

←Previous questionQ12 — Foreign Direct Investments not permitted in India is : (a) Pharmaceuti…→Next questionQ14 — State the objectives of Foreign Direct Investment.