The ratio of foreign rates to domestic rates measured in the 'same' currency is known as:a) Real exchange rateb) Nominal exchange ratec) Superfluous exchange rated) None of the above

The ratio of foreign rates to domestic rates measured in the 'same'
currency is known as:
a) Real exchange rate
b) Nominal exchange rate
c) Superfluous exchange rate
d) None of the above
by

1 Answer

Answer :

a) Real exchange rate
by

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)A currency having a falling exchange rate due to continuing balance of payments deficit is called a- (1) Soft currency (2) Hard currency (3) Scarce currency (4) Surplus currency

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Last Answer : Soft currency

“Legal Tender Money” refers to : (1) Cheques (2) Drafts (3) Bill of exchange (4) Currency notes

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Last Answer : (C) Annually

Effective and nominal interest rates are equal, when the interest is compounded (A) Annually (B) Fortnightly (C) Monthly (D) Half-yearly

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Last Answer : (A) Annually

A Trade Policy consists of - (1) Export-Import Policy (2) Licencing Policy (3) Foreign Exchange Policy (4) Balance of Payment Policy

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