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Define rate of exchange. - Economics

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प्रश्न

Define rate of exchange.

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उत्तर

According to Crowther, the exchange rate indicates how many units of one currency are traded in the foreign market for a single unit of another currency.

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अध्याय 28: Foreign Exchange Rate - TEST QUESTIONS [पृष्ठ २८.१०]

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आर. के. लेखी और पी. के. धर Economics [English] Class 12 ISC
अध्याय 28 Foreign Exchange Rate
TEST QUESTIONS | Q A. 3. | पृष्ठ २८.१०
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