Advertisements
Advertisements
Question
The exchange rate at which demand for foreign currency becomes equal to its supply is called ______.
Options
Equal rate of exchange
Unequal rate of exchange
Equilibrium rate
All of these
MCQ
Fill in the Blanks
Solution
The exchange rate at which demand for foreign currency becomes equal to its supply is called equilibrium rate.
shaalaa.com
Foreign Exchange Market - Foreign Exchange Rate
Is there an error in this question or solution?
