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Choose the Correct Answer : Currency Rate of India to Other Currency Means _________. - Economics

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Question

Choose the correct answer :   

Currency rate of India to other currency means _________. 

  • (a) interest rate 

  • (b) exchange rate

  • (c) tax rate

  • (d) profit rate

Solution

Currency rate of India to other currency means exchange rate.
Explanation:
Exchange rate refers to the value of once currency in terms of other. Thus currency rate of India to other currency would mean its exchange rate.

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APPEARS IN

 2009-2010 (March) (with solutions)
Question 1.3.5 | 1.00 mark
Solution Choose the Correct Answer : Currency Rate of India to Other Currency Means _________. Concept: Monetary Function of Central Bank.
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