The price of any currency in international market is decided by the
- World Bank.
- Demand for goods/services provided by the country concerned.
- Stability of the government of the concerned country.
- Economic potential of the country
1, 2, 3 and 4 are correct
Incorrect Answer2 and 3 are correct
Correct Answer3 and 4 are correct
Incorrect Answer1and 4 are correct
Incorrect AnswerExplanation:
2 and 3 are correct
World Bank also known as IBRD, is internationally recognized and supported that provides technical and financial assistance to many developing countries in the world.
Economic potential of a country is not the means of determining the value of currency. Currency value depends upon its demand, stability of the governement and policies thus formed. African countries are resource rich countries yet their currency is not valued at par with their resources. Political instability and terrorist insurgency in countries like lebonan, libya, afghanistan, iraq, syria as infact lowered their currency value.
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By: Kamal Kashyap