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प्रश्न
Exchange rate is the value of a currency expressed in terms of ______.
विकल्प
gold
another currency
metal
none of these
MCQ
रिक्त स्थान भरें
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उत्तर
Exchange rate is the value of a currency expressed in terms of another currency.
Explanation:
The foreign exchange rate represents the price of one nation's currency stated in units of another country’s currency (such as expressing 1 USD in terms of INR). While currencies were historically tied to metals like gold under older monetary systems, modern floating exchange rates are determined strictly by cross-currency supply and demand in the global forex market.
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