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What is the rate of foreign exchange? - Economics

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प्रश्न

What is the rate of foreign exchange?

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उत्तर

The foreign exchange rate is the rate at which the currencies of different nations are exchanged or traded. It shows how many units of the home currency are needed to obtain one unit of a foreign currency. For example, the current exchange rate between the Indian rupee and the US dollar is $1 = ₹64.

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पाठ 22: Model Short Answer Questions - MODEL SHORT ANSWER QUESTIONS [पृष्ठ ४८४]

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फ्रँक Economics [English] Class 12 ISC
पाठ 22 Model Short Answer Questions
MODEL SHORT ANSWER QUESTIONS | Q 215. | पृष्ठ ४८४
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