Question

In India, exchange rates are generally expressed as:

Options

• Domestic currency per unit of foreign currency

• Foreign currency per unit of domestic currency

• Only in terms of gold

• Both forms with equal frequency

Answer 1

In India, exchange rates are generally expressed as domestic currency per unit of foreign currency, for example \\[1\\ \\text{USD} = ₹75\\], rather than as foreign currency per unit of domestic currency.