Question 12 of 29
Q.Exchange rates are determined in :
(a) Capital Market
(b) Money Market
(c) Foreign Exchange Market
(d) Stock Market
Tamil Nadu DgeTamil Nadu HSC (DGE) Commerce Board 2020MCQ· 1mImportance★★★★★
41% · 12/29 Questions
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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. Under a flexible (floating) system, it is determined by the demand for and supply of foreign currency in the foreign exchange (forex) market. The capital, money and stock mark …
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