Multiple Choice Questions on Exchange rate is the price of a currency expressed in terms of ........ for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

Exchange rate is the price of a currency expressed in terms of ........

Economics (CUET) Balance of Payments
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    Exchange rate is the price of a currency expressed in terms of:

     

    Gold
     

    Incorrect Answer

    Metal

     

    Incorrect Answer

    Another currency

    Correct Answer

    None of the above.

    Incorrect Answer
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    Explanation:

    Option (3) is correct.
    Explanation: It is the rate at which one currency can be converted into another currency.

     

    By: Milap Bansal
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