Advertisements
Advertisements
प्रश्न
What is meant by foreign exchange?
टीपा लिहा
उत्तर
- Currency is the medium of exchange in a country.
- The Indian currency is called the Indian Rupee.
- In a country, the foreign currency is called foreign exchange.
- Purchasing capacity of all currencies in the world are compared using the US dollar as the standard currency.
- This value differs from country to country.
- Most of the international trade transactions are carried out in the US dollar.
shaalaa.com
Relationship Between Money and Prices
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
APPEARS IN
संबंधित प्रश्न
International trade is carried on in terms of _____________.
1. Most of the international trade transactions are carried out in US dollars.
2. No other country except the US carries out trade in the world.
The relationship between money and price is connected with the policy ______.
What phenomenon increased the importance of the market and money?
Explain the relationship between Money and Price.
Why is foreign exchange important?
The currency of England is ______.
The currency of Saudi Arabia is ______.
The ______ system was the initial form of international trade.
What is currency?
