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Question
All currencies other than the domestic currency of a country are called as ______.
- Foreign exchange rate
- Foreign exchange
- Foreign aid
Identify the correct alternative from the following.
Options
(i) and (ii)
(i) and (iii)
(i), (ii) and (ill)
(ii) only
MCQ
Fill in the Blanks
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Solution
All currencies other than the domestic currency of a country are called as Foreign exchange.
Explanation:
Forex, or foreign exchange, refers to all currencies other than the home currency. For example, in India, the US dollar is considered a foreign exchange.
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