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Foreign exchange refers to:
the price of one currency in terms of gold in the domestic market.
the price of one currency determined by government of other country.
the price of one currency in relation to other currencies in the international money market.
none of the above.
Option (3) is correct. Explanation: Foreign exchange refers to exchanging the currency of one country for another at prevailing exchange rate. Forex is the trading of one currency for another.
By: Milap Bansal ProfileResourcesReport error
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