Related InterviewSolutions

• When exchange rate in terms of domestic currency :A. Domestic currency depreciatesB. Foreign currency appreciatesC. Domestic currency appreciatesD. No effect on domestic currency
• When exchange rate in terms of domestic currency rises :A. Exports become cheaperB. Imports becomes cheaperC. Exports becomess costlierD. No effect on imports
• Floating exchange rate is determined by :A. Mutual consultations between countriesB. Banking systemC. Market forcesD. None of the above
• In the foreign exchange market the market price of US dollar rises from Rs. 60 to Rs. 61. This means that :A. Rupee has depreciatedB. US Dollar has appreciatedC. Both (a) and (b)D. None of the above