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Exchange rate is the price of one currency in terms of another currency. The exchange rate depends upon1. Inflation2. Interest rates in the country and global majors like USA3. International commodity prices4. Political stability5. Forex reserves with RBISelect the correct answer code:1. 1, 2, 3, 42. 1, 3, 4, 53. 1, 4, 54. 1, 2, 3, 4, 5 |
Answer» Correct Answer - Option 4 : 1, 2, 3, 4, 5 The correct answer is 1, 2, 3, 4, 5.
The exchange rate depends upon many factors. They are:
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