Question

Monetary authorities, as participants in the foreign exchange market, are associated with which of the following roles in the economy?

विकल्प

• Brokers trading shares on the domestic stock exchange

• Private firms arranging tourist services for foreign visitors

• Individuals exchanging pounds (£) for personal travel abroad

• Authoritative bodies dealing with the nation's money and currency matters

Answer 1

Monetary authorities are institutions concerned with monetary matters of the economy, and they participate in the foreign exchange market alongside commercial banks, foreign exchange brokers, and other authorised dealers.